Frankfurt, the euro area’s financial capital and home of the common currency, is bracing for demonstrations and sit-ins on Wednesday at locations throughout the city by anti-austerity groups and organizations sympathizing with the plight of Greece. At the ECB’s €1.3bn premises in the east end, police have erected barbed wire and barricades to keep the protesters at least 10 meters away. “We want a march open to anyone, peaceful and not harming anyone,” Ulrich Wilken, a lawmaker for the Left Party in the Hesse state parliament, said on Tuesday after meeting with police to outline the marchers’ objectives. “We want an atmosphere of peaceful protest, not the kind of situation the police prepares for with its tanks.” Nine days after the ECB started buying sovereign debt in a €1.1 trillion plan to revive inflation and rescue the economy, protesters are laying the blame for recession and unemployment in the 19-nation euro area at the doors of ECB President Mario Draghi and German Chancellor Angela Merkel. A new government in Greece, led by the leftist Syriza party, is preparing emergency measures to boost liquidity as the cash-starved country braces for more than €2bn in debt payments on Friday. The country is unable to access bailout funding as it haggles with euro-area governments over the terms of its aid program. Its lenders have been cut off from regular ECB finance lines and pushed onto emergency credit from the Greek central bank. ... hope they burn it down. This sort of waste of taxpayers money by an unelected and unaccountable organization, the EU, is exactly what is wrong with the EU. The Billions they have stolen from the poor taxpayers across the continent forcing them into abject misery whilst lavishing it on themselves in grandiose edifices such as this and their gold plated pay and pensions. It is just like the old soviet union. About time the ordinary elector of the EU rose up and threw these people out.
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