Violent Clashes Erupt in Buenos Aires After Pension Hike Blocked
Protests intensify as President Milei's veto of pension increase is upheld, sparking outrage among retirees and opposition lawmakers.
- Argentine President Javier Milei's veto on a proposed pension hike was upheld by the lower house, failing to secure the two-thirds majority needed to override it.
- The blocked pension increase aimed to mitigate the impact of Argentina's nearly 240% inflation on retirees, representing approximately 0.45% of GDP.
- Hundreds of protesters, including many pensioners, clashed with police outside Congress, resulting in injuries and hospitalizations among demonstrators and opposition MPs.
- Milei defended his veto, emphasizing the need to maintain fiscal balance and curb the country's chronic deficits, despite criticism that his austerity measures disproportionately affect the poor.
- The president's controversial economic reforms, including mass privatization and labor law relaxation, have sparked widespread discontent amid Argentina's ongoing economic crisis.