The order, whose 55 members have been described as a "feisty crowd", are believed to have run up the debt after splashing out on six industrial knitting machines to produce woollens that became highly popular with the local community around their convent, close to the Greek-Bulgarian border. They apparently sold products to some 25 chains around Greece. Store owners complained that the nuns had also run off with a substantial amount in pocketed deposits. Apparently they removed their equipment a few days before they disappeared.
Greece's authoritative Kathimerini newspaper reported that the knitting business began to unravel when the nuns accrued massive debts after attending foreign fashion shows in a bid to keep up with the latest designs in woollen garments. They are then believed to have mortgaged the monastery of Kyrikos and Ioulittis to the hilt to pay off the debt.
The full story is here. I must admit to snickering when I think of the nuns sitting by the runways of Milan, taking notes on fashion trends. (Do you think they were at Pitti Filati?)