Blockupy Protests Hit Germany

On Thursday, police in Germany’s financial capital ringed the European Central Bank with metal barricades. Police set up the barricades in Frankfurt in anticipation of Friday’s anti-capitalist protests expected to draw several thousand people.

Members of the Blockupy group plan to prevent employees from reaching the ecb for several hours on Friday. The group intends to highlight what it says is the bank’s role in enforcing spending cuts introduced to tackle the euro area’s three-year debt crisis.

One protester said they are gathering to protest the European austerity policy. The protester claims the policy is a “disaster” for people in affected countries.

The group is unhappy with the way the crisis is being handled. Danish protester Finn Boyens said, “We get looted, and about 2,000 Germans are running Europe. This is not okay.”

The ecb says it will remain operational and has taken steps to ensure employee safety.

Blockupy has planned a second demonstration at Deutschebank headquarters nearby.

Blockupy says the troika of the ecb, the European Commission and the International Monetary Fund is imposing an “austerity diktat” on financially troubled countries. The forced cutbacks have contributed to recessions and high unemployment.

Greece, Portugal, Ireland and Cyprus have all received bailout loans. Spain has also received loans for its banks.

While many Europeans are frustrated with the austerity measures, there is little they can do to stop them. Proverbs 22:7 says, “The rich ruleth over the poor, and the borrower is servant to the lender.” Germany is Europe’s lender and calls the shots.

For proof that Europe’s economic crisis was prophesied and to understand where it is leading, read He Was Right.