K Mammen Mathew

Stories by K Mammen Mathew

WikiLeaks supporters hack websites of credit card

WikiLeaks supporters hack websites of credit card

Rediff.com   10 Dec 2010

Hackers in support of WikiLeaks have brought down the websites of credit-card giants Visa and MasterCard in the ongoing cyber-war between sympathisers of the whistle-blower site and firms trying to stifle it.

Germans say parcel bomb came from Greece

Germans say parcel bomb came from Greece

Rediff.com   3 Nov 2010

The packet was sent from Athens by air mail two days ago disguised as books and the explosive device hidden inside was "very similar" to the parcel bomb, which exploded on Tuesday at the Swiss embassy in Athens, German Interior Minister Thomas de Maiziere said.

Germany approves deep spending cuts in budget

Germany approves deep spending cuts in budget

Rediff.com   2 Sep 2010

The German cabinet has approved drastic spending cuts to rein in the national budget despite a stronger than expected turnaround in the economy.

Bank tax: India opposes, EU nations keen

Bank tax: India opposes, EU nations keen

Rediff.com   23 Jun 2010

That was the compromise formula, said Mukherjee.

Markel, Sarkozy ask EU to ban bonds' short-selling

Markel, Sarkozy ask EU to ban bonds' short-selling

Rediff.com   10 Jun 2010

In a letter to the European Commission President Jose Manuel Barroso, Merkel and Sarkozy urged the commission to come up with its proposals to introduce tougher regulations on short selling of sovereign bonds and shares of the euro zone nations and credit insurances known as Credit Default Swaps on those bonds and shares before next month's meeting of the EU economic and finance ministers.

Spain bails out sick bank, Eurozone markets tumble

Spain bails out sick bank, Eurozone markets tumble

Rediff.com   25 May 2010

Markets became jittery over the Spanish government's take-over at the weekend of regional savings bank Cajasur, which raised speculation that more unhealthy financial institutions may have to be bailed out to prevent a meltdown of the country's banking system.

Koehler signs euro zone rescue package into law

Koehler signs euro zone rescue package into law

Rediff.com   24 May 2010

Both houses of the German parliament on Friday approved the bill on the country's share of 148 billion euros in the rescue package and Koehler signed it at the weekend soon after his return from a visit to China and Afghanistan.

Short selling ban sends euro on southward spin

Short selling ban sends euro on southward spin

Rediff.com   20 May 2010

Investors rushed to get rid of their shares and the euro, resulting in renewed market turmoil across Asia and Europe.

EU gears up to prevent another crisis

EU gears up to prevent another crisis

Rediff.com   13 May 2010

The European Commission has unveiled plans for a radical reform of the European Union's economic governance to tackle the underlying causes of the current debt crisis in the euro area.

Germany,France want to prevent crisis

Germany,France want to prevent crisis

Rediff.com   7 May 2010

Amid growing concerns that the debt crisis in Greece could spread to other heavily-indebted nations in the region, Germany and France have called for reinforcing economic policy coordination and better internal surveillance to prevent a recurrence of a similar crisis.

Greece to get a 110-billion euro bailout package

Greece to get a 110-billion euro bailout package

Rediff.com   3 May 2010

The finance ministers of 16 nations that use the euro Sunday night sealed a 110-billion euro bailout package for heavily indebted Greece over three years after the country's government agreed to a new round of tough austerity measures.

European flights resume after six-day shutdown

European flights resume after six-day shutdown

Rediff.com   21 Apr 2010

Most of the European nations, including the United Kingdom and Germany, reopened their air space on Wednesday after an unprecedented six-day lockdown due to the Icelandic volcanic ash that stranded tens of thousands of passengers globally and caused airlines a loss of $1.7 billion.

Euro zone finalises rescue package for Greece

Euro zone finalises rescue package for Greece

Rediff.com   12 Apr 2010

The finance ministers of the 16 European Union nations, who have euro as their common currency, finalised the details of their bail out plan for Greece at a conference, chairman of the euro group and Luxembourg Prime Minister Jean-Claude Junker said in Brussels on Sunday.

Germany to reform banking sector

Germany to reform banking sector

Rediff.com   23 Mar 2010

German chancellor Angela Merkel's centre-right coalition has agreed on a plan to reform the nation's banking system and to impose a levy on the financial institutions to make them accountable for future financial crisis.

Germany to buy data of tax offenders' Swiss a/cs

Germany to buy data of tax offenders' Swiss a/cs

Rediff.com   2 Feb 2010

The German government will buy stolen data of about 1,500 German tax offenders holding secret bank accounts in Switzerland offered by an informer for Euro 2.5 million on lines of a similar deal two years back for account information from Liechtenstein.

Depression 'Daisy' unleashes fury across Europe

Depression 'Daisy' unleashes fury across Europe

Rediff.com   10 Jan 2010

Hundreds of flights were cancelled and train services severely disrupted in Germany, France, Britain, Italy, Spain, Switzerland, Poland and in the Scandinavian countries.

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