The world’s largest money transfer company, Western Union, has shut down business in Greece.
The company said on Monday that it would remain closed through out this week.
According to Reuters, Western Union said it had not seen a significant increase in customers moving money out of Greece in the two months to June 27 but had seen a rise in funds being moved into the country.
“Our inbound business is seeing an upswing and we will continue to monitor this closely as and when our business in Greece is operational once gain,” the company said in a statement.
This further deepens Greece’s economic woes even as banks have also shut down leaving the Automatic Teller Machines (ATMs) as the only means of cash transactions for Greeks. Even at the ATM, no one, with a Greek account, can withdraw more than $65 a day