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Hundreds injured and arrested in riot against European Central Bank

Police cars were set alight and stones were thrown in a protest against the opening of a new base for the European Central Bank (ECB).

No fewer than 350 people have been arrested in Frankurt as anti-austerity demonstrators clashed with police, BBC reports.

Police cars were set alight and stones were thrown in a protest against the opening of a new base for the European Central Bank (ECB).

Police said as many as 80 of their officers had been affected by pepper spray or an acidic liquid while 8 suffered injuries from stone-throwing protesters.

Several dozens of people were also injured in the protest.

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Violence broke out close to the city's Alte Oper concert hall hours before the ECB building's official opening while "Blockupy" activists are expected to attend a rally later on today, Wednesday.

Protest organisers were bringing a left-wing alliance of protesters from across Germany and the rest of Europe to voice their anger at the ECB's role in austerity measures in EU member states, most recently Greece.

Blockupy is a Europe-wide alliance of left-wing parties, unions and movements and they are vehemently against austerity polices of European Commission, ECB and IMF which is what led to the protests in Frankfurt.

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