Demonstrators dressed as clowns pass by a burning police car in Frankfurt, Germany. 'Blockupy' activists tried to blockade the new headquarters of the ECB to protest against government austerity and capitalism.  Michael Probst / AP Photo
Demonstrators dressed as clowns pass by a burning police car in Frankfurt, Germany. 'Blockupy' activists tried to blockade the new headquarters of the ECB to protest against government austerity and cShow more

Anti-ECB ‘Blockupy’ rally turns violent in Frankfurt



FRANKFURT // At least four police cars were set alight and two officers injured on Wednesday as authorities confronted violent anti-austerity protesters ahead of the inauguration ceremony for the European Central Bank’s new headquarters in Frankfurt, Germany.

The ceremony went ahead as planned, with ECB president Mario Draghi saying the new building for the euro bloc’s monetary authority was “a symbol of what Europe can achieve together”.

Police said 350 people were detained as officers pursued what they said was a minority of violence-minded activists using the protest as cover.

The bulk of demonstrators conducted themselves peacefully, marching in groups, drumming and singing ahead of a rally in the city’s main square. Some blocked bridges across the Main River or streets in an effort to hinder access to the ECB ceremony.

Protesters said they were targeting the central bank because of its role in supervising efforts to restrain spending and reduce debt in financially troubled countries such as Greece.

Blockupy activist Hannah Eberle said that “people remain determined” despite the heavy police presence. “The mood is good, we are in solidarity with each other,” she said ahead of the rally.

At the ECB ceremony, Tarek Al Wazir, economy minister of the German Hesse region, called on the peaceful demonstrators to “distance yourselves from the violence”.

Mr Al Wazir, a member of the Greens party, said that the protesters “have no answers ... but they have some of the right questions”, conceding that “austerity can indeed be self-defeating”.

He said the ECB was the wrong target for this kind of protest.

Mr Draghi has in fact urged more spending by governments that are in good financial shape such as Germany to help lift the economy and reduce unemployment. That advice has been ignored by the German government, which has stressed the need to balance its budget and pressed others to restrain spending.

Police said several police cars were set on fire at a police station in the city centre. Another police vehicle smoldered a block from the ECB. Private vehicles and garbage bins were also torched.

Some 10,000 people were expected on Frankfurt’s main square, the Roemerberg. Participants were to include trade unions and Germany’s Left Party.

The ECB, 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 include spending cuts and reducing deficits, moves that are aimed at reducing debt but have also been blamed for high unemployment and slow growth.

Anti-austerity activists received a political boost when Greece’s left-wing Syriza party won elections there in January by campaigning against the bailout deal and its conditions, which they say has led to a “humanitarian crisis”.

The Greek parliament on Wednesday adopted the “humanitarian crisis” bill – the first package of social measures put forward by prime minister Alexis Tsipras’ radical left-wing government.

In going ahead with presenting the bill of housing allowances and emergency food aid for the poorest, the government ignored apparent attempts from the European Commission to halt it. Athens reacted angrily to a request from Declan Costello, a representative on the European Commission team monitoring Greece, telling the government not to make a “unilateral” move.

Refusal of the conditions, however, has led to the withholding of further aid and the possibility of a chaotic debt default by the government.

* Associated Press, with additional reporting from Agence France-Presse

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Install an air filter in your home.

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Wear a face mask.

Stay indoors when conditions are particularly poor.

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The Bio

Name: Lynn Davison

Profession: History teacher at Al Yasmina Academy, Abu Dhabi

Children: She has one son, Casey, 28

Hometown: Pontefract, West Yorkshire in the UK

Favourite book: The Alchemist by Paulo Coelho

Favourite Author: CJ Sansom

Favourite holiday destination: Bali

Favourite food: A Sunday roast

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What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

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The permutations for UAE going to the 2018 World Cup finals

To qualify automatically

UAE must beat Iraq.

Australia must lose in Japan and at home to Thailand, with their losing margins and the UAE's winning margin over Iraq being enough to overturn a goal difference gap of eight.

Saudi Arabia must lose to Japan, with their losing margin and the UAE's winning margin over Iraq being enough to overturn a goal difference gap of eight.

 

To finish third and go into a play-off with the other third-placed AFC side for a chance to reach the inter-confederation play-off match

UAE must beat Iraq.

Saudi Arabia must lose to Japan, with their losing margin and the UAE's winning margin over Iraq being enough to overturn a goal difference gap of eight.

if you go

The flights 

Etihad and Emirates fly direct to Kolkata from Dh1,504 and Dh1,450 return including taxes, respectively. The flight takes four hours 30 minutes outbound and 5 hours 30 minute returning. 

The trains

Numerous trains link Kolkata and Murshidabad but the daily early morning Hazarduari Express (3’ 52”) is the fastest and most convenient; this service also stops in Plassey. The return train departs Murshidabad late afternoon. Though just about feasible as a day trip, staying overnight is recommended.

The hotels

Mursidabad’s hotels are less than modest but Berhampore, 11km south, offers more accommodation and facilities (and the Hazarduari Express also pauses here). Try Hotel The Fame, with an array of rooms from doubles at Rs1,596/Dh90 to a ‘grand presidential suite’ at Rs7,854/Dh443.

About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

What is an ETF?

An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.

There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.

The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.

There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.

While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash. 

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Barcelona 3
Messi (27’, 32’, 87’)

Leganes 1
El Zhar (68’)

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Brief scores

Toss India, chose to bat

India 281-7 in 50 ov (Pandya 83, Dhoni 79; Coulter-Nile 3-44)

Australia 137-9 in 21 ov (Maxwell 39, Warner 25; Chahal 3-30)

India won by 26 runs on Duckworth-Lewis Method

UAE squad

Rohan Mustafa (captain), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan