Protesters block streets around ECB

Friday, May 31st, 2013 | Finance News

FRANKFURT, Germany (AP) — Crowds of anti-capitalist protesters have blocked streets leading to the European Central Bank in Germany's financial capital, Frankfurt.

They are demonstrating against what they say is the bank's role in enforcing government spending cutbacks across Europe aimed at ending the continent's debt crisis.

Members of the Blockupy alliance linked arms and stood in groups Friday on streets leading to the bank.

The ECB said it remained in operation, however. Police reported no arrests and estimated the number of demonstrators at between 1,000 and 1,500. Organizers said there were more than 3,000.