Frankfurt banks surrounded in anti-austerity 'Blockupy': LIVE UPDATES

Thousands of anti-austerity protesters have flooded the streets leading to the European Central Bank in Frankfurt in a so-called ‘Blockupy’ protest. They are demonstrating the bank’s role in enforcing crippling spending cuts across the Eurozone.

14:55 GMT: Blocupy protesters in Frankfurt airport holding banners welcoming refugees into the country. Many are opposed to Germany’s decades’ long third-country regulation, in which any immigrant who arrives in any EU member state or one many neighboring countries are deemed as safe. As a result, Germany does not need to accept asylum applications from such people. Activists have also accused the German government of being unwilling to take in Syrian refugees in significant numbers. 


13:49 GMT: Delays have been reported at Frankfurt International Airport, although it is unknown if the ongoing protests are to blame.


13:38 GMT: Having reached the court-allowed limit of 200 protesters inside of the terminal, many of the demonstrators remain outside the building with a police cordon keeping them at bay. Activists have tweeted that anywhere between 200-800 protesters are currently blocking Frankfurt Airport Terminal 1, although those number remain unconfirmed.


13:18 GMT: Blocupy protesters outside of Frankfurt holding a banner opposed to Germany’s immigration policy.

12:00 GMT: 


11:56 GMT: Blockupy plans to assemble outside of the airport to protest against German immigration policies and what activists have decried as an “inhumane deportation system.” Fraport, the airport operator, has advised passengers to arrive early for their flights.

11:46 GMT: Security has reportedly been stepped up at Frankfurt airport in preparation for the arrival of the ‘Blockupy’ demonstrators.

11:24 GMT:
“A fountain in the Zeil district of Frankfurt has been dyed red with detergent and raspberry syrup,” Tweeted public broadcaster Hessischer Rundfunk.


10:54 GMT:
500 protesters have gathered outside Deutsche Bank where police tanks have been deployed to protect the building. The demonstrators take issue with Deutsche Bank’s policy regarding food price speculation which critics say bumps up prices for consumers.

Image from twitter user@Cazatalentos

10:22 GMT: The ‘Blockupy’ protesters are now separating and heading for Deutsche Bank headquarters and Frankfurt airport.


10:20 GMT: German police estimate that around 2,500 protesters have gathered in front of the European Central Bank. They have not reported any arrests.

10:18 GMT:
Eurostat data shows that the crisis is deepening, and that nearly one in four young people in the Eurozone are jobless. The combined EU unemployment rate is 23.5 percent. Germany’s rate is the lowest at 7.5 percent.

10:01 GMT: Eurozone employment figures released, hitting record high at 12.2 percent in April.

09:53 GMT: The ECB spokesman told The Guardian that the Blockupy protests have not disturbed
day-to-day operations at the bank, but would not specify how many bankers
managed to come to work.

9:31 GMT: Blockupy spokesman Ani Diesselmann announced, "The blockade is standing.
The business of the ECB is successfully disrupted."