A new 1.3 bn palace for the "empire"

... while at the same time, its nationals sink to poverty

“Protestors in Frankfurt gathered to spoil the opening of the European Central Bank’s new €1.3 billion campus. For many Europeans, the huge luxury offices built in the midst of an economic recession represents everything that is wrong with the institution. The €1.3 billion ($1.4 billion) complex, which includes two towers and a renovated historic vegetable warehouse opened March 18, 3 years late and nearly €350 million over budget.”

“The ‘Blockupy’ group, a mix of anti-capitalist and anti-austerity protestors from across Europe, blames the bank for the recession and unemployment that has gripped the eurozone. [...] Police have erected a security zone around the new 120,000 square meter bank. The territory, barricaded by barb wire, remains “fully operational” according to the police. While protestors shout on the streets, bank President Mario Draghi will host the inauguration ceremony with Frankfurt Mayor Peter Feldmann as well as Frankfurt’s home state of Hesse’s Economy Minister Tarek Al-Wazir.”

“Most protestors are irked by the massive $1.4 billion price tag on the project, which has been going on since 2002, and has been overseen by three different bank presidents. This type of money seems superfluous in the face of the tough austerity policies the bank imposes on governments like Greece and Portugal to receive bailout packages. In order for the nations to receive funds from the troika of lenders- the ECB, the European Commission, and the IMF- governments must accept cost-cutting austerity programs. The tight-fisted policy aims to reduce debt, but has also been blamed for slowing growth and causing unemployment to skyrocket.”

“Demonstrators from Spain and Greece joined the crowds to protest the policies of the bank, which just nine days ago kicked off its €1.1 trillion bond buying program in an effort to resuscitate the euro area. [...] Many worry the ‘easy money’ program won’t reach the people, who will continue to struggle with unemployment. Supporters of the new leftist Syriza government took part in the protests in Frankfurt Wednesday. Greece has been cut off until from troika funds until it agrees to more austerity measures.”

http://rt.com/business/241789-new-ecb-headquarters-protests/

Someday, arrogance and megalomania will destroy the "empire" ...

Comments

How The CIA & Mossad Set Up Sudan for Genocide since the 1990s

MintPress News Sudan is being systematically destroyed - not by accident, but by design. This investigation reveals how US imperialism, through Israeli and UAE proxies, has engineered Sudan's collapse since the 1990s to crush the axis of resistance, block China's Belt and Road, and loot Africa's resources families are killed, children starve, and the west profits.

Greece, Palestine & Zionism: FPTV Reports from Athens

Free Palestine TV Laith Marouf & Rabih Ghannam travel to Athens, Greece, and take a walking tour with local activists Evan Katsounis and Maria Kosmidi, to discover the rich history of anti-Zionist and anti-Fascist actions in the city, as well as the current Zionist incursion into the property sector and the counter actions directed at the presence of these War Criminals on the streets of the city.

Trump Welcomes Syrian Leader & “REFORMED” TERRORIST To White House!

The Jimmy Dore Show President Donald Trump is planning a White House welcome for Syria’s new president, former al-Qaeda in Iraq leader Ahmed al-Sharaa, who was installed after the overthrow of Bashar al-Assad. Jimmy Dore argues that the U.S. and its allies, including Israel, have long funded extremist groups such as ISIS and al-Qaeda to serve foreign policy interests in the Middle East, so the embrace of al-Sharaa makes sense, even if it might confuse anyone who thought we took seriously the so-called “War on Terror.” He and Americans’ Comedian Kurt Metzger contrast Trump’s willingness to meet with alleged terrorists to his refusal to engage in dialogue with leaders like Venezuela’s Nicolás Maduro, accusing U.S. policy of hypocrisy and imperialism.

Trump BLEW IT: Israel, Candace Owens & Epstein BURY MAGA (But Not How You Think)

Danny Haiphong Trump has bent the knee to Israel for the last time. Patrick Henningsen exposes his horrid record and all the elements that has led to his rapidly coming collapse.

F-35s & AI Chips: How MBS Outplayed Washington & Beijing

GVS Deep Dive Saudi Arabia just secured two of the most powerful assets in modern geopolitics: the U.S. F-35 stealth fighter and tens of thousands of Nvidia’s most advanced AI chips. Washington hoped this would pull Riyadh firmly back into the American orbit. But the outcome is something neither side fully expected: Mohammad bin Salman outplayed both Washington and Beijing — and used the great-power rivalry to his advantage.

Zionists’ LONG HISTORY Of False Flags & STAGED Attacks!

The Jimmy Dore Show In recent years several alleged anti-Semitic incidents, including graffiti and vandalism, were later revealed to have been staged or “false flag” operations carried out by Jewish perpetrators to create sympathy or shift the public narrative in Israel’s favor. Jimmy Dore presents investigations that revealed hoaxes and uses them to argue that media and political institutions exploit victimhood to silence criticism of Israel. He then expands the discussion to accuse Israeli and Zionist figures of deceit in global politics and misinformation about Gaza. It ends with commentary that the term “anti‑Semitic” has lost meaning due to its politicization and misuse.

Capitalism & Genocide - Yanis Varoufakis Speech at the Gaza Tribunal, 23rd October 2025, Istanbul

Yanis Varoufakis On 23rd October, Yanis Varoufakis testified in front of the Jury of Conscience in the context of the Gaza Tribunal. His speech focused on the economic forces underpinning the genocide of the Palestinian people. In particular, he spoke on the manner in which capitalist dynamics have historically fuelled the white settler colonial project and, more recently, how the accumulation of a new form of capital - which he calls cloud capital - has accelerated, deepened and amplified the economic forces powering and propelling the machinery of genocide.

Will Mamdani manage to liberate New York from brutal neoliberalism?

globinfo freexchange Fifty years ago, New York City was on the verge of collapse . The politicians who run the city had borrowed more and more money from the banks to pay for its growing services and welfare. But in the early 70s, the middle classes fled from the city and the taxes they paid disappeared with them. So, the banks lent the city even more. But then, they began to worry about the size of the growing debt and whether the city would ever be able to pay it back. And then, one day in 1975, the banks just stopped. The city held its regular meeting to issue bonds in return for the loans, overseen by the city's financial controller. The banks were supposed to turn up at 11 a.m., but it soon became clear that none of them were going to appear. The meeting was rescheduled for 2 p.m. and the banks promised they would turn up. What happened that day in New York, marked a radical shift in power. The banks insisted that in order to protect their loans, they sho...

Trump RUINED: Israel First Lies & Economic Freefall Just ENDED MAGA

Danny Haiphong Tucker Carlson isn't the only journalist breaking with Trump. In this video, Patrick Henningsen goes scorched earth on Trump's massive betrayal of what he promised his "MAGA" base and blows the lid off how his massive lies serve as a cover up for a much bigger structural problem in America's 'Israel First' political system, what Tucker and major voices in elite MAGA won't tell you.

Priceless: Zelensky told the truth about the war in Ukraine at its beginning!

globinfo freexchange How did this escape the radars of mainstream media? Well, the answer is obvious, yet still, it is astonishing the fact that already back in 2022, at the beginning of the war in Ukraine, one of the major outlets of Western imperialism, actually translated this part of the interview with West's puppet, Volodymyr Zelensky. At 12:28 of the video, Zelensky starts spelling the truth about the real reason behind the war in Ukraine! Zelensky admits: There are those in the West who don't mind a long war because it would mean exhausting Russia, even if this means the demise of Ukraine and the cost of Ukrainian lives. This is definitely in the interest of some countries. For other countries, it would be better if the war ended quickly because Russia's market is big one that their economies are su...

the unbalanced evolution of homo sapiens

Search This Blog