A new era in interest rates on non-performing loans<\/b> which changes the provisions of the Katseli Law<\/b> and determines what borrowers <\/b>from the landmark decision of the Supreme Court<\/b>.<\/p>\n
The ruling by the Plenary Session of the Supreme Court<\/b> regarding the method of calculating interest under Law 3869\/2010<\/b> redefines the framework for calculating interest in cases involving over-indebted individuals<\/b>, causing significant changes in how monthly obligations are calculated<\/b> within the framework of protection of primary residences<\/b>. At the heart of the new interpretive approach is the strengthening of the protective nature of the Katseli Law<\/b> and the clarification that the judicial settlement<\/b> cannot function as a mere banking contract<\/b>, but as a social protection mechanism with a clear institutional framework<\/b> in support of a dignified standard of living for debtors<\/b>.<\/p>\n
The decision of the Plenary Session of the Supreme Court<\/b> was described as <\/b>positive for borrowers<\/b> <\/b>regarding the method of calculating interest for borrowers<\/b> who are subject to the Katseli Law (Law 3869\/2010), during the event<\/b> held at the Athens Bar Association<\/b>, on the topic \u201cThe application of Decision No. 6\/2026 of the Plenary Session of the Supreme Court<\/b> regarding the method of calculating interest on debt settlements under Law 3869\/2010, regarding the settlement<\/b> of debts of over-indebted individuals<\/b>,\u201d as reported by ProtoThema.gr.<\/p>\nPresentation and analysis of the decision<\/h3>\n
By university professors and lawyers, as well as by former minister and professor emerita at the National and Kapodistrian University of Athens, Louka Katseli, a thorough presentation and analysis of the decision by the Plenary Session of the Supreme Court was conducted, and all possible procedural. <\/p>\n
The event was addressed by SYRIZA President Socrates Famellos, PASOK Member of Parliament Milena Apostolaki, KKE parliamentary spokesperson Nikos Karathanassopoulos, and \u201cPlevsi Eleftherias\u201d President Zoi Konstantopoulou.<\/p>\n
First, Andreas Koutsolambros, president of the Athens Bar Association, pointed out that the Plenary Session\u2019s decision \u201cadmits of neither interpretation nor misinterpretation; it is clear and unequivocal in its support of borrowers,\u201d and continued:<\/p>\n
\u201cThis is a ruling of major legal and social significance. The Plenary Session of the Supreme Court confirmed the mandatory nature and protective purpose of Law 3869\/2010, dispelling the notion that judicial provisions protecting primary residences can be treated as ordinary banking products.\u201d<\/p>\n
Elsewhere, the president of the Athens Bar Association noted: \u201cThe decision concerns thousands of borrowers who, having already been judicially deemed over-indebted and effectively unable to meet their original obligations, have in recent years faced disproportionate burdens from interest-accruing practices that threatened to effectively nullify the judicial protection of their primary residence.<\/p>\n
Today\u2019s event is an opportunity to give a clear response to the self-appointed advocates of the banks and investment funds, who rushed to cast doubt on the significance and implementation of the ruling: The court\u2019s ruling admits of neither interpretation nor misinterpretation. It is clear and unequivocal in its support of borrowers. Respect for it requires full implementation without caveats, gray areas, or interpretive loopholes.\u201d<\/p>\n
In closing, Mr. Koutsolambros emphasized: \u201cWe have also denounced the abusive practices of debt collection agencies, which undermine borrowers\u2019 rights, endanger their property rights, and display contemptuous behavior toward lawyers and debtors.\u201d<\/p>\n
The president of the Athens Bar Association did not fail to point out that the Plenary Session of the Supreme Court, in its decision No. 6\/2026, the intervention of the Bar Associations in this case, whereas, in contrast, the Larissa Court of Appeals for Felony Cases had excluded the Bar Associations from supporting the prosecution in the trial regarding the Tembi railway accident.<\/p>\n
And this, despite the fact that \u201cwe demonstrate, through our daily actions and initiatives, that the role of the legal profession is not limited to individual defense, but also includes the institutional defense of the rule of law, social protection, and citizens\u2019 access to justice.\u201d<\/p>\n
For her part, Ms. Katseli, the architect of Law 3869\/2010, described the Supreme Court\u2019s decision as historic and, among other things, emphasized: \u201cInterest on primary residence rescue loans must be included in the monthly payment. This is clear, in accordance with the legislature\u2019s reasoning, and leaves no room for a different interpretation. It is a standalone provision. In the public interest, it recognizes the right to housing as a constitutionally protected right and the debtor\u2019s right to a decent standard of living.<\/p>\n
It defines the installment as a ceiling rather than a basis for calculation and requires that it be compatible with the needs of each debtor. It endorses the possibility of exempting individuals from eviction from their permanent and primary residence and recognizes the necessary mediating role of a judge.<\/p>\n
\u201cThe protection of the right to housing and the guarantee of a decent standard of living are rights protected by the Constitution and European Directives.\u201d<\/p>\n
The speakers were: Stelios Stamatopoulos, Professor at the Law School of the Democritus University of Thrace, attorney representing the case before the Plenary Session of the Supreme Court; Ioannis Delikostopoulos, Professor at the Athens Law School, attorney representing the case before the Plenary Session of the Supreme Court; Georgios Mentis, Professor at the Athens Law School, Advisory Professor in the Trial, Panagiotis Nikolopoulos, Assistant Professor at the Athens Law School, attorney representing the party in the trial before the Plenary Session of the Supreme Court; and Dimitrios Skaripas, Attorney at the Supreme Court, attorney representing the case before the Supreme Court.<\/p>\n
The event was coordinated by Dimitrios Lyritsis, a member of the Athens Bar Association\u2019s Board of Directors and a lawyer representing the case before the Plenary Session of the Supreme Court.<\/p>\n","protected":false},"excerpt":{"rendered":"
A new era in interest rates on non-performing loans that amends the provisions of the Katseli Law and determines what borrowers stand to gain from …<\/p>\n","protected":false},"author":1,"featured_media":11598,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-11597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/11597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11597"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/11597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/11598"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}