The protests organized by Blockupy movement in the area of the new European Central Bank building have led to serious riots and clashes of protesters with the police.
According to Blockupy's demonstration organizer, a lot of demonstrators have been also injured as a result of the clashes.
Police has arrested five protesters, nearly 550 persons have been temporarily detained, reports Reuters.
Helicopters fly over the clashes' area, where the office of the ECB is located. The unrest in the area has paralyzed the traffic in many parts of Frankfurt. Several kindergartens have been closed and at least four schools in eastern part of the city.
The police's union talks about the new scale of violence, commenting the unrest.
According to its chairman Rainer Wendt, demonstrators from all over Europe, whose purpose is to attack the state by hiding behind the guise of capitalism criticism, have gathered in Frankfurt.
The action was planned to coincide with the opening ceremony of a new ECB office.
The Blockupy announced that more protesters will come from 39 European cities.Source: Reuters