Apostolaki: “Publish Supreme Court decision immediately”–Bank debt ruling at the center of political pressure

PASOK MP calls for urgent publication of Supreme Court ruling on loan interest calculation under the “over-indebted households” law (Law 3869/2010)

“Legal uncertainty is harming thousands of borrowers”

PASOK MP and Shadow Minister for Banks, Private Debt and Investor Protection, Milena Apostolaki, is calling for the immediate finalization and publication of a long-awaited decision by the Plenary Session of the Supreme Court of Greece (Areios Pagos) regarding how interest is calculated on restructured household debts.

The ruling, issued on 5 February, has not yet been formally published, despite its major financial implications for thousands of borrowers.

Apostolaki argues that this delay is creating a serious legal vacuum, preventing banks and debt management companies from applying the new interpretation.

What the ruling clarifies

According to information cited by the MP, the Supreme Court decision clarifies that:

• Interest on restructured debts under Law 3869/2010 is calculated on the monthly installment
• and not on the total remaining principal

This interpretation is seen as significantly more favorable to over-indebted households, as it reduces the overall financial burden and strengthens the sustainability of court-approved repayment plans.

“Banks are not adjusting repayments”

Apostolaki warns that, due to the delay in publication, banks and loan servicing companies are refusing to adjust repayment schedules or proceed with recalculations.

As a result, borrowers continue to be charged under older, more burdensome calculation methods.

She describes this as a situation that undermines both legal certainty and the practical effectiveness of judicial protection.

Comparison with past court rulings

In her letter to the President of the Supreme Court, Apostolaki also highlights a contrast with previous cases, pointing out that:

• A 2023 Supreme Court plenary decision on the legitimacy of servicers and funds was published within seven days
• while the current ruling has remained unpublished for a significantly longer period

She uses this comparison to argue that the current delay is exceptional and unjustified.

“Trust in justice is at stake”

The PASOK MP stresses that the issue goes beyond administrative procedure.

She states that the delay affects:

• the security of law
• the effectiveness of judicial protection
• and the public’s trust in the justice system

According to her, timely publication of court decisions is essential for ensuring that judicial rulings have real-world impact.

The debate touches a sensitive area of Greek society: household debt and the long-running framework for over-indebted borrowers under Law 3869/2010.

With banks and loan servicers still relying on older calculation methods, the absence of an officially published ruling has turned a legal clarification into a political and economic dispute over implementation delays.

Source: pagenews.gr