Swiss franc borrowers / In dire straits from ‘fraudulent fraud’

A nationwide protest rally is planned by borrowers in Swiss francsescalating their protest at their continued abandonment to the appetites of banks and “crows” who pounce on tens of thousands of mortgage-backed properties caught in the swings of exchange rates and interest rates.

In its extensive announcement, the Committee of the Swiss Franc Borrowers’ Initiative “Conspiracy & Action” emphasizes that “since 7/15/2022, when the first meeting with officials of the Ministry of Finance took place – with the then responsible Minister, Mr. Staikouras – has filed the its proposal and has informed: the Government, the Ministry of Finance, Parliament, K.O. of the parties, Bank of Greece, Independent Authority_Consumer Advocate – INKA – Agencies and organized open gatherings in ATHENS-THESSALONIKI-CRETE, actions and information days.

We highlighted as an Initiative, in every direction, the very serious and acute social problem of many tens of thousands of people who have taken a loan with a Swiss Franc clause, which no court decision can hide anymore AND no “political separation of borrowers”, does not fit into the democratic logic immediate viable solution.

Representatives of the K.O. of the Parliament, Agencies and we will be the borrowers there, to support decisively, clearly, firmly and persistently, so that our tragic position – victims of fraudulent fraud from the beginning – is transferred to the Prime Minister.

WE ARE NOT ASKED NOT TO PAY – WE ARE ASKED TO PAY FOR WHAT WE BORROWED!

Everyone, for the robbery committed against us, there is no lack of evidence, not only from our side, but also from the recorded fifteen-year-at-least-parliamentary process, of ALL factions:

· From the MPs of the ruling faction, who have also asked countless questions in the Parliament.

· From the parties that have been placed in the Parliament and have submitted proposals.

· From the Greek MEPs, who should know what is happening in Europe.

· From the European Commission and CJEU in which relevant decisions exist.

· From the BANK OF GREECE, as supervisor of the banking system.

· The UNION OF GREEK BANKS and of course from the same banks and funds.

· From the Independent Authority – Consumer Advocate with his proposal in force.

As the Initiative Committee, we informed both the Ministry of Finance and the Leaders of the parties in Parliament, about the official meetings we held with 3 of the 4 systemic banks:

ETHNIKI November 9, 2023, EUROBANK November 22, 2023, PIRAEUS December 5, 2023 (A meeting with ALFA BANK has not been possible so far.)

We asked all three to provide us with information on the following:

a. How many Swiss franc clause loans have they granted from 2005-2009 and more the total amount of them? (70-75,000 is known as initial number of contracts)

b. How many loans are housing loans and how many business loans and how much?

c. How many are green and are served entirely by each bank and how many have gone to servicers and are served by them, at all levels?

d. How many of these have been repaid, to banks and servicers?

e. How many of these have auctions been performed by servicers?

g. How many of these have been reported and are headed for auction?

Their answer was that they cannot provide information, unless their Supervisor allows it, i.e. the Central Bank (Mr. Stournaras).

We asked them to take concrete actions for the sustainability of Swiss Franc loans.

Again the answers were negative, saying that they regulate where they can depending on the profile of each borrower and that anything horizontal they do, they must have a mandate from the Bank of Greece (Mr. Stournaras) or from the Government with similar legislation.

We have officially filed from 1/2/2024 to the Bank of Greece a REQUEST FOR THE PROVISION OF OFFICIAL LOAN DETAILS in SWISS FRANC clause and the answer is awaited. Institutionally, all parties and the Ministry of Finance can request and receive an answer within a month!

WE ASK: To all the above key questions, with the jurisdiction that the Ministry of Finance has over BANKS and funds, as well as institutionally, the Leaders of the Parliamentary parties, can receive official ANSWERS and with current data.

WE REQUEST: To inform us and give to the PUBLIC all data, because they RELATE and answer, to the initial 75,000 and above loan contracts, mainly housing, in a clause of Swiss francs. Swiss franc borrowers collect: Europe where it suits us and Greece where it suits us. They are already paying with their deaths and annihilation, no barrier to auctions!

At the rally-protest on Wednesday 21 FEBRUARY 2024 at 12 noon in front of the Ministry of Finance, we will all be there, because:

LOANS IN SWISS IS A SOCIAL CRIME!

No provision even until yesterday, actually touches our loans and the “criminal regularity” of parity, sweeps and crushes our families. Persistently until today, the Parliament and the State, “are silent on our annihilation”, a fraud drawn from the beginning against us, with the responsibility of the State.

We do not accept or tolerate – wherever they come from – the tarnishing, isolation, humiliation and dangerous targeting of us, by the logic of the fraudulent behavior and practice of the banks – with the tolerance of the State – which is exercised violently and tacitly on the back here and above since 15 years, creating extremes in society.

The two decisions of the Supreme Court, 4 / 2019 (FULL) and the 1/2023 Decision (FULL) of the Supreme Court, within 8 days, are a reality!!! (record time in the annals of justice)….decided and gave legitimacy to Servicers and funds, without any hindrance, to have the right to carry out forced executions and perform auctions. It is known that Mr. Stournaras in an official document of the Bank of Greece < εκτίμησε > that the Supreme Court will decide in favor of the funds, openly intervening in their favor. In fact, there is also a lawsuit filed against him by the Aegian Bar Association with the support of the entire legal world! Unfortunately, justice did not rise to the occasion and not decide the annihilation of hundreds of thousands of households who, due to the economic crisis, lost a large part of their earnings (plus unaffordable interest rates), thus being unable to be consistent in their obligations. Furthermore, we Swiss franc clause borrowers are openly experiencing the predatory regularity of the parity murdering us, WITHOUT anyone daring to stop it, the ongoing crime of family annihilation!!!

LOANS IN SWISS IS A SOCIAL CRIME – WE DON’T DEMAND, WE DEMAND A SOLUTION NOW!

WE ASK YOU to condemn such extreme anti-democratic and anti-European attitudes and treat us – as you should – not as a minority, but as equal Greek citizens with families.

As Greek citizens, we demand the intervention of the state, which with a law in the Parliament will put an end to the banks’ indifference and thus our loans will become immediately viable. Already in other EU countries there are positive developments with the decisions of the CJEU.

We pay – as many as we can now – the installments of our loan continuously increased and the balance of our loan does not decrease! We pay twice as much as we borrowed!

From the 1.60 initially that many started with, today’s Swiss exchange rate is close to 0.90. Already in one year we have a 10% increase in our debt and a corresponding increase in the installment with today’s exchange rate of 0.90 which is changing. And the long-term forecasts are for 0.80, which means another 10% increase in the loan and installment. STRAIGHT conclusion that informed loans turn red and they also enter the process of payment orders and auctions!

WE ARE NOT ASKING NOT TO PAY – WE ARE ASKING TO PAY FOR WHAT WE BORROWED!

Law N. 4438/16, which incorporated European Directive 2014/17/EU into national law and applies a safety net for future loans in foreign currency, does NOT have retroactive effect. ADMISSION and PROOF by law, that REALLY THERE WAS NO ADVANCE NOTICE OF THE RISKS with written examples, but there was a fraudulent tactic of deceiving us by the banks, with their knowledge!

The case of loans in euros, but with a Swiss franc clause, has now taken on the characteristics of a case of unjust enrichment, on the part of the 4 systemic Banks with all that this entails. Because they don’t owe Swiss francs, nor have they ever owned that much Swiss francs, but they have managed to lend tens of billions of “Swiss francs” (ie Euros) with the unscrupulous leverage they have carried out, either by setting targets for their staff to convert a certain percentage of existing loans from euro to “Swiss”, either giving a bonus for granting or converting to “Swiss” !!!

The borrowers in the Swiss franc clause and not only know very well that the main argument of the banks – which unfortunately was adopted by the governments and also unfortunately by the majority of the plenary session of the Supreme Court – that is the economic risk, for the famous systemic stability of banks, it has not been APPLICABLE for a long time. Banks freed from “red” loans make exorbitant profits of several billion euros and even tax-free due to the deferred tax!

Legislative intervention to regulate these loans is now purely a matter of political will!

Does the government want to make these loans sustainable and give economic relief to tens of thousands of households that are suffocating, without any risk for the banks, or not?

WE WILL BE THERE – TOGETHER WE CAN AND WE DEMAND:

THE TIME HAS COME IN PARLIAMENT for a POLITICAL SOLUTION – LEGISLATIVE REGULATION, Now!

SWISS FRANC BORROWER INITIATIVE COMMITTEE “Rally & Action”