Greek officials from the Ministry of National Economy and Finance have declared that there are no existing violations of European Union law concerning the contracts of Greek borrowers involving loans in Swiss francs. This announcement comes in response to media reports surrounding the issue, which surfaced after borrower representatives submitted a complaint to the European Parliament requesting an investigation into the proper application of Directive 93/13/EEC. The findings indicate that while the European Parliament’s Committee on Petitions (PETI) acknowledged the complaint and initiated its examination, the European Commission conducted a preliminary assessment of the claims made.

As part of this assessment, the official response confirmed that there was insufficient evidence to establish any breach of EU law, and consequently, no infringement procedure has been initiated against Greece regarding this matter. Essentially, the conclusion drawn by ministry officials reinforces the idea that while compliance with EU standards is under scrutiny due to the concerns raised by borrowers, the authorities are operating within the legal framework set by the EU. This clarification aims to alleviate fears that Greece might face legal repercussions as a result of the loans issued in Swiss francs.

The issue of Swiss franc loans has been a contentious topic in Greece, particularly among borrowers who have expressed concerns over the fairness and transparency of such agreements. As the situation unfolds, monitoring the responses and actions taken by both Greek officials and EU institutions will be crucial. The announcement may provide some relief to borrowers awaiting legal reconciliation, but it also highlights the complexities of financial agreements amidst regulatory scrutiny and economic instability.