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Thousands of Blockupy protesters gather in Frankfurt

Saturday, June 01, 2013 - 01:19

June 1 - Up to 20,000 anti-capitalist protesters from ''Blockupy'' are expected to gather in Frankfurt for a second day of demonstrations against the handling of the European debt crisis. Sunita Rappai reports.

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A drumroll for a second day of anti-capitalist protests in Frankfurt. Up to 20,000 people are expected to gather in Germany's financial capital to protest the handling of the European financial crisis - one of a number of Europe-wide rallies planned for June 1. The protests coincide with fresh EU statistics showing that euro zone unemployment reached a new high of 12.2 percent in April. Many called for leaders to change their policies. (SOUNDBITE) (German) DEMONSTRATOR, SANNA KURZ, SAYING: "Social cooperation, real redistribution and no corruption of the banks; the whole system must be changed." (SOUNDBITE) (German) DEMONSTRATOR, AXEL SEITRA, SAYING: "I think it is very important to do something against the power of the banks because they must be regulated democratically and therefore you need the counter power to be on the streets." Earlier police arrested a man who breached a security barrier outside the European Central Bank headquarters in the city. Governments struggling with large debt burdens have cut spending and raised taxes, contributing to widespread recession across the euro zone - though Germany's own economy has been fairly resilient to the crisis.

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Thousands of Blockupy protesters gather in Frankfurt

Saturday, June 01, 2013 - 01:19