“Anti-austerity protesters seeking to spoil the inauguration of the European Central Bank’s new headquarters in Frankfurt’s east end set vehicles alight, erected barricades and left a trail of destruction across the city. Police deployed water cannons to restore calm and keep the demonstrators at bay in the area surrounding the 1.3 billion-euro ($1.4 billion) tower, after setting up barbed wire and road blocks. Nine days after the ECB started buying sovereign debt in a 1.1 trillion-euro 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 Draghi and German Chancellor Angela Merkel.”
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