FRANKFURT/BERLIN, March 18 (Xinhua)-- At least 88 policemen were injured and more than 500 people were arrested after anti-austerity protests in Frankfurt turned into clashes between protesters and police on Wednesday, local media reported.
Eight police officers were injured by stone-throwing, while another 80 by a corrosive liquid or irritant gas, Focus online quoted a police spokeswomen as saying.
Police are vigilant and further attacks of violent protesters are expected, according to the spokeswoman.
According to police spokesman Erler, about 10,000 demonstrators took to the street in the German financial capital on Wednesday. Among them, thousands came from other parts of Europe.
So far, at least seven police cars have been burned, Erler said.
According to a spokesman for the protesters, many protesters were injured by water cannons, tear gas and police batons.
A witness told Xinhua that the windows of his car were smashed and he managed to left the scene at the escort of the police.
Heavy security personnel deployment has been put in place.
The ECB is scheduled to officially open its new office building in Frankfurt on Wednesday, which is a 185-meter tall skyscraper and cost 1.3 billion euros (about 1.38 billion U.S. dollars).
The bank, along with the European Commission and International Monetary Fund, is part of the so-called "troika" that monitors compliance with the conditions of bailout loans for Greece and other financially troubled countries in Europe.
Those conditions are aimed at reducing debt but have also been blamed for high unemployment and slow growth.
FRANKFURT, March 18 (Xinhua) -- Protestors clashed with riot police Wednesday morning in Frankfurt in a demonstration against the austerity policies of the European Central Bank (ECB).
According to local reports, around 10,000 anti-capitalist protesters took the street. Among them, thousands came into the German financial capital from other parts of Europe.Full Story
BRUSSELS, March 12 (Xinhua) -- China may face more challenges from changes in monetary policy at the U.S. Federal Reserve (Fed) than the European Central Bank's (ECB) quantitative easing (QE) program that began on Monday, an European expert has said.
Rupert Willis, desk officer for China in the Directorate General for Economic and Financial Affairs of the European Commission, made the remarks in a recent interview with Xinhua.Full Story
BRUSSELS, March 9 (Xinhua) -- Quantitative Easing (QE) program by the eurozone is unlikely to impact directly on China through financial markets, but it may affect China's monetary policy-making and have an indirect negative impact on China's real economy in turn, experts have said.
If QE is successful for the EU, it may be good for Chinese export in the long run, but negative consequences for China lies in the fact that with major economies such as Japan and the eurozone pushing ahead with stimulus measures, China may be dragged into a "game" of competitive devaluation and even into a currency war it doesn't want, experts warned in interviews with Xinhua.Full Story