argentinas congress passes pension overhaul amid protests
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Argentina's congress passes pension overhaul amid protests

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Argentina's congress passes pension overhaul amid protests

Argentina's center-right government managed Tuesday
Buenos Aires - Emiratesvoice

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.

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

 



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 15:05 2017 Thursday ,08 June

UAE Weather: Temperature set to touch 46°C today

GMT 09:21 2012 Friday ,13 April

Chances of rain in the UAE

GMT 18:01 2011 Saturday ,12 November

Masdar set to launch Seychelles wind farm by end-2011

GMT 17:11 2017 Sunday ,19 November

South Africa eyes 2023 Rugby World Cup

GMT 21:22 2017 Saturday ,10 June

Moroccan minister

GMT 07:28 2017 Tuesday ,07 November

Now,Dubai cafes introduce special food

GMT 12:38 2016 Monday ,14 November

2016 'very likely' hottest year on record

GMT 08:03 2017 Thursday ,02 November

Abdou blames targeting Khan Yonis

GMT 10:51 2017 Thursday ,23 March

Fire damages historic Ottoman mosque in Greece

GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 00:14 2017 Friday ,13 October

Army kills mercenaries in Kahbob, Lahj

GMT 19:04 2017 Thursday ,08 June

Qatar sympathisers in Bahrain to face fine, jail

GMT 14:29 2017 Wednesday ,02 August

Man City winger Navas returns to Sevilla

GMT 10:51 2017 Friday ,26 May

Labour Minister meets Thai envoy

GMT 19:56 2011 Wednesday ,24 August

Foreign investors keen on Bahrain

GMT 05:06 2017 Tuesday ,15 August

Speaker condoles with UAE

GMT 20:23 2017 Thursday ,07 September

Arab League condemns violence against Rohingya Muslims

GMT 09:58 2017 Wednesday ,31 May

Emirates Red Crescent signs agreement

GMT 10:23 2017 Saturday ,21 October

Yemeni official survived an armed ambush in Lahij

GMT 02:55 2016 Wednesday ,22 June

Serena battles rivals, self-doubt at Wimbledon

GMT 12:23 2017 Thursday ,09 February

Security consultant denies 'bugging' All Blacks

GMT 09:36 2016 Thursday ,07 July

Sacked Fox News host files sexual harassment suit

GMT 09:21 2015 Saturday ,05 December

British play to feature all 74 Shakespeare deaths
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice 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 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice