Saturday, February 03, 2007

Knitting News: Nuns Flee Knitting Debt!

This shouldn't be so funny...but it is:

Nuns Flee Debt
Volos, Greece
An entire convent of Greek Orthodox nuns has fled to another convent to avoid paying close to $1 million in debt from their failed knitting business. The 55 nuns splurged on purchases of industrial knitting machines and by attending foreign fashion shows to get ideas for patterns. The wool clothes they made were popular in Greece, but the business went under when a bank called in the loan. The nuns are now holed up in a convent in Volos, as the Holy Synod negotiates with the bank on their behalf. (Quoted from The Week magazine)
Here's the link to an entire news article on this breaking news:

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