argentinas congress passes pension overhaul amid protests
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Argentina's congress passes pension overhaul amid protests

Egypt Today, egypt today

Egypt Today, egypt today Argentina's congress passes pension overhaul amid protests

Argentina's center-right government managed Tuesday
Buenos Aires - Egypt Today
Argentina's center-right government managed Tuesday to push through pension overhauls that have prompted several violent protests, with critics saying the changes will weigh heaviest on the poorest sectors of society.

Members of the governing "Cambiemos", or Change, coalition won 128 votes in favor of the bill, with 116 voting against and two abstaining.

On Monday clashes erupted between police and protestors opposed to the measures near the country's congress building in Buenos Aires, with demonstrators continuing to bang pots and pans in protest late into the night.

President Mauricio Macri, in power since 2015, has been trying to limit pension payouts to lower the country's deficit, which is estimated at five percent of GDP.

His aim is to produce savings of 100 billion pesos ($5.7 billion) in 2018, equivalent to around a fifth of the deficit.

The changes would also push back the retirement age to 70 from 65 for men and to 63 from 60 for women.

Cabinet chief Marcos Pena has said that it will not cause retirees to lose purchasing power.

But the opposition argues that the overhaul would negatively impact about 17 million retirees, as it would change the formula used to calculate benefits, adjusting payments quarterly while taking only the official inflation index into account.

"Voting is not the end of history," said Agustin Rossi, president of the leftist Front for Victory party of former president Cristina Kirchner.

"What happened today is the starting point, the beginning of a peaceful resistance," Rossi said.

Axel Kicillof, the former minister of economy under Kirchner, called the reform "a scam."

Argentina's three main trade unions and the opposition had called for a general strike and protests on Monday in the capital to resist the passage of the pension reform bill.

The crowd hurled objects including stones and bottles, trying to rip down metal barriers that police had erected to prevent them getting too close to the square beside congress.

Last Thursday's session examining the bill was cut short after clashes escalated. Dozens of protestors and police officers have been injured in the skirmishes.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

argentinas congress passes pension overhaul amid protests argentinas congress passes pension overhaul amid protests



GMT 06:29 2011 Monday ,14 November

Matthew cruises to win at Ochoa Invitational

GMT 03:34 2017 Wednesday ,22 March

Tillerson to skip NATO meeting next month

GMT 13:44 2013 Friday ,15 March

Israel suppress Palestinian demonstrations

GMT 16:15 2017 Monday ,01 May

Moroccan Workers’ Syndicate

GMT 11:56 2016 Wednesday ,12 October

Toyota, Suzuki eye partnership as industry consolidates

GMT 15:42 2011 Thursday ,23 June

Express checks in with foursquare

GMT 10:49 2017 Sunday ,13 August

Car rams into crowd at violent Virginia rally

GMT 17:45 2013 Sunday ,20 October

5 Indian spices that are good for your health

GMT 08:41 2012 Saturday ,15 September

Italian magazine: will print Kate topless snaps

GMT 08:02 2012 Tuesday ,05 June

Zoe Saldana in Prabal Gurung

GMT 06:11 2012 Saturday ,15 September

Tunisia’s Media Conflict: Journalists fight for freedom

GMT 14:35 2015 Friday ,24 July

Awqaf Minister hails New Suez Canal project

GMT 16:34 2017 Thursday ,28 December

Hitler's Nazi-parade Mercedes set

GMT 11:22 2011 Monday ,10 October

Paul McCartney to play in Moscow in December

GMT 05:17 2015 Friday ,25 September

Pope expresses solidarity with Muslims after stampede

GMT 05:44 2012 Saturday ,21 April

ATV engine 95 HP

GMT 03:01 2011 Monday ,19 September

Laughter, tears at US television\'s Emmy awards

GMT 12:04 2012 Wednesday ,07 March

6 Music animation draws on 10 years of eclectic radio

GMT 01:00 2015 Sunday ,05 April

Barzani congratulates Abadi on Tikrit victory

GMT 13:24 2015 Thursday ,15 October

Tesla installs 'autopilot' update

GMT 06:17 2012 Monday ,02 January

Countries across the world celebrate the New Year

GMT 04:07 2016 Tuesday ,07 June

For new era of self-driving cars

GMT 08:21 2017 Saturday ,23 December

Saudi-Sudanese Deal to Ease Transfers

GMT 11:08 2017 Thursday ,21 December

Asian markets mostly down as tax cut euphoria wanes
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday