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Activists sandbag Frankfurt exchange

2012-06-17 16:43

Frankfurt - Activists calling for a tax on financial transactions have erected a wall of sandbags outside the Frankfurt stock exchange.

The anti-globalisation group Attac said that about 200 people participated in Sunday's action, with the wall meant to symbolise a rampart against financial speculation.

Carrying placards with slogans such as "Stem Speculation" and "Financial transaction tax now," they built the wall of sandbags around the statues of a bull and a bear - symbols of optimistic and pessimistic markets - that stand in front of the exchange building.

Germany's centre-left opposition is pressing Chancellor Angela Merkel's government to push for European countries to introduce a tax on financial transactions as Merkel seeks its support to get a European fiscal-discipline pact passed by the country's Parliament.