Recently, the decision of the Central Bank of Switzerland to release the currency rate between euro and Swiss franc, fixed since October 2011 at 1,20CHF shocked 65.000 Greek borrowers, who found themselves in the desperate position to be obliged to pay off a, practically, never ending loan!

Following this decision and the stir it created, the banks now invite the borrowers in debt settlements, suggesting either the prolongation of their loans or the maintenance of the currency rate of 1,20CHF.

What needs to be made clear is that this action, on behalf of the banks, leads to acknowledgment of debt by the borrowers! Given that this fact, apart from immoral, can also be legally challenged as illegal, we invite all borrowers to be extremely careful, when invited by their banks, and not to hesitate to legally claim their rights as consumers, as hundreds of them have already done, either by themselves or through consumers' associations around Greece. The relevant lawsuits are expected to be examined during the next few months and the outcome is awaited with suspense, as the luck of loans for thousands of our co-citizens depends on it.