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Western Union Suspending Business In Greece This Week

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Mani
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Western Union, the world’s largest money transfer company, has suspended its business in Greece this week, further deepening Greece’s economic woes.

The news comes as Greek officials scramble to try and keep the country from financial collapse.

western union

Western Union to shut down in Greece for rest of the week

According to a Reuters report, Western Union announced it was closed for business in Greece on Monday and would remain closed for at least the rest of the week.

As detailed by ValueWalk, following the announcement of the plan for a referendum in Greece, the European Central Bank made a call to not extend additional emergency finance to the Greek...

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports