"The political audacity of Finance Minister Kyriakos Pierrakakis knows no bounds; in a recent public statement, he spoke of 'reworking' a clear and final decision by the Plenary Session of the Supreme Court (Supreme Court Plenary Session 6/2026), which ruled on what is self-evident for borrowers under the Katseli Law. “That is, the interest they owe is not the amount charged to them by servicers and funds on the total amount owed, but rather on the much smaller amount of their monthly installment,” states a press release from the Press Office of the Independent Citizens’ Movement “HOPE for Democracy,” led by Maria Karystianou.
"And instead of the government rejoicing over this respite for borrowers and the rectification of this enormous injustice, from which they have been ‘bleeding’ for years, Mr. Pierrakakis began looking for loopholes to exploit for personal gain. He claimed that the Ministry of Finance is “working on” the decision to find a “balance,” even though this decision is absolutely binding on everyone regarding the legal issue it resolved and is crystal clear regarding the illegal charging of interest at the expense of borrowers.
In fact, just to make a splash and confuse matters, he linked the “balances” he is seeking for his beloved funds to the HERACLES program and government guarantees.
Since we in our Movement are not easily fooled and have a very good understanding of the issue, we call on him directly to take a stand and explain to Greek citizens:
(a) what “balances” the Ministry of Finance, which he heads, is seeking, and
(b) how these “balances” relate to the HERACLES program and the interests of the State.
The time when politicians muddied the waters and hid behind grand rhetoric and grandiose statements is over.
The relevant minister must explain to the long-suffering and long-wronged borrowers why the Ministry of Finance is obstructing the implementation of Supreme Court Plenary Session Decision No. 6/2026, which irrevocably resolved a legal issue affecting numerous borrowers, with the result that the illegal charging of interest must cease immediately and any amounts paid to date for this purpose must be promptly refunded to borrowers as overpayments."