Of the €23 billion in property sales, only €1.5 billion was financed through mortgage loans. In other words, over 90% of these purchases occurred without bank financing, raising serious questions about the origin of the funds. Greece's National Economy and Finance Minister, Kyriakos Pierrakakis, announced on Monday that the country's shadow economy has shrunk to below 15% of GDP - a claim he attributed to a study by the International Monetary Fund. Yet this optimistic declaration appears at odds with what is actually unfolding in the Greek economy, particularly in the real estate sector, which continues to serve as a major channel for undeclared transactions and tax evasion. According to data from Greece's Independent Authority for Public Revenue, property sales in 2024 reached a declared value of €23 billion. These values are based on state-assessed "objective prices," which often significantly underestimate actual market prices. In...