Saturday, 15 October 2011

Riots break out in Rome as Wall Street protests go global

Demonstrators rallied Saturday across the world to accuse bankers and politicians of wrecking economies, but only in Rome did the global "day of rage" erupt into violence.


Galvanized by the Occupy Wall Street movement, the protests began in New Zealand, rippled east to Europe and were expected to return to their starting point in New York. Demonstrations touched most European capitals and other cities.

They coincided with the Group of 20 meeting in Paris, where finance ministers and central bankers from the major economies were holding crisis talks.While most rallies were small and barely held up traffic, the Rome event drew tens of thousands of people and snaked through the city center for kilometers (miles).

Some protesters in masks and helmets set fire to cars, smashed the windows of stores and banks and trashed offices of the defense ministry. Police fired water cannon at demonstrators who were hurling rocks, bottles and fireworks.

Smoke bombs set off by the protesters cast a pall over a sea of red flags and banners bearing slogans attacking economic policies the protesters say are hurting the poor most. The violence sent many demonstrators running into hotels for safety. In contrast, small and peaceful rallies got the ball rolling across the Asia-Pacific region Saturday. In Auckland, New Zealand's biggest city, 3,000 people chanted and banged drums, denouncing corporate greed.

About 200 gathered in the capital Wellington and 50 in a park in the earthquake-hit southern city of Christchurch.

In Sydney, about 2,000 people, including representatives of Aboriginal groups, communists and trade unionists, protested outside the central Reserve Bank of Australia.

Hundreds marched in Tokyo, including anti-nuclear protesters. In Manila a few dozen marched on the U.S. embassy waving banners reading: "Down with U.S. imperialism" and "Philippines not for sale."

More than 100 people gathered at the Taipei stock exchange, chanting "we are Taiwan's 99 percent," and saying economic growth had only benefited companies while middle-class salaries barely covered soaring housing, education and health care costs.

They found support from a top businessman, Taiwan Semiconductor Manufacturing Corp (TSMC) Chairman Morris Chang.

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