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In my own work on the subject of austerity and human rights and in the legal brief . I wrote recently with Olivier De Schutter for the Special Committee of the Hellenic Parliament on the . Audit of the Greek Debt from which a good amount of the summary below is drawn .
I was struck by the fact that the actors george steinmetz and his drone in the negotiation . Implementation of the 2010 and 2012. MoUs act in total disregard of international human rights . That they had not even taken the elementary precaution of assessing the potential lack data on the level of enjoyment of human rights . The measures they were recommending or that they adopt.
The Guiding Principles on Foreign
Debt and Human Rights, endors by the UN Human Rights Council in 2012, require that. ‘Lenders should not finance activities or projects that violate, or would foreseeably violate,
human rights in the Borrower States. To avoid this eventuality, it is incumbent upon lenders intending to finance specific activities or projects . Borrower States to conduct a crible Human Rights Impact Assessment as a prerequisite to providing a new loan.’