|Tens of thousands protested in Frankfurt on March 18|
Over 20,000 anti-capitalist protesters took to the streets of Frankfurt last week to coincide with the heavily-policed opening, taking part in mostly peaceful protests in the German financial capital to oppose the ECB’s “asphyxiating” economic policies.
Included in the ranks of the protesters were representatives of Germany’s main opposition party, the left-wing Die Linke, German trade union Verdi, the Greek ruling party SYRIZA, and Podemos from Spain, as well as unions, NGOs and grass-roots activists from 39 European countries.
Across the Eurozone, the ECB – part of the “Troika”, along with the International Monetary Fund and the Eurogroup – is playing a central role in forcing national governments to cut public spending, privatise infrastructure and push down wages while unemployment and poverty continue to increase.
These policies have caused untold misery and suffering for millions of Europeans in order to maintain a system of corporate profits and a false sense of economic order in the name of “austerity” and “growth”, but have also given rise to powerful popular resistance movements across Europe – particularly in Greece, Spain and Ireland.