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G-20: Why people are protesting

April 1, 2009

As the world's top leaders gear up to discuss the biggest financial collapse in recent times, there is a huge turmoil brewing in the streets of London and across Europe.

Thousands of people are protesting against the G-20 summit in London. Anti-capitalist demonstrators kicked off a 6-day-long protest starting from Saturday.

The protests attempt to express their anger and helplessness over financial mismanagement that led to the global meltdown. A group of more than 150 organisations are taking part in the protests to demand against job cuts, poverty and more control on the finance sector and revive the economy.

Anti-capitalist and environmental protestors conducted a 'mass street party' dubbed as 'Financial Fools Day'. The protest organized by a group called 'G-20 Meltdown', will feature carnival parades against the financial culprits.

There were scuffles between protesters and the police in London. 'Hang a Banker' and 'Storm the Banks' are some of the slogans of the G20 protestors.

The Group of Twenty (G20) global summit in London will see leaders and central bankers of 20 countries, including the seven developed nations, holding discussions on how to revive the world economy. So what's the deal? Why the protests? Read on. . .

Image: Demonstrators march through central London. | Photograph: Stephen Hird/Reuters.

Also read: Faces of the global meltdown
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