European Central Bank headquartered in Frankfurt, Germany. the President of the ECB is Mario Draghi, former governor of the Bank of Italy, former member of the World Bank, and former managing director of the Goldman Sachs international division (2002–2005). The bank primarily occupied the Eurotower prior to, and during, the construction of the new headquarters. The primary objective of the ECB, mandated in Article 2 of the Statute of the ECB, is to maintain price stability within the Eurozone. Its basic tasks, set out in Article 3 of the Statute, are to set and implement the monetary policy for the Eurozone, to conduct
Seat of the European Central Bank cars and barricades. The ECB's new headquarters was reportedly selected as the venue for the demonstration so as to highlight the contradiction between the ECB's lavish spending on its own US$1.4-billion building while forcing cuts and market reforms on countries like Greece and Cyprus. Ulrich Wilken, an organiser, said: “Our protest is against the ECB, as a member of the troika, that, despite the fact that it is not democratically elected, hinders the work of the Greek government. We want the austerity politics to end.” The pan-European protests included members of Greece's radical left governing party Syriza and Spain's left-wing