“The decision by the Plenary Session of the Supreme Court regarding the lawful application of interest rates under Law 3869/2010 is a historic vindication for thousands of over-indebted households that for years have been burdened by an incorrect method of calculating their debts,” Antonis Samaras noted in a statement.
“The Supreme Court has spoken clearly. In a state governed by the rule of law, judicial decisions are enforced, not renegotiated.
Funds, servicers, and banks must immediately proceed with the recalculation of debts, the correction of balances, and the full refund of amounts collected in error. There is no room for delays.
The Government has a strict obligation to ensure the immediate, uniform, and universal implementation of the decision. Any tolerance, delay, or attempt to limit its consequences constitutes a direct undermining of the rule of law and will lead thousands of citizens into a new cycle of legal disputes over issues that have already been definitively decided.
The courts have ruled. No one has the right to turn a final judicial decision into a matter for negotiation or delay.”