The vetoed bill aimed to enhance retirement benefits by 8%, recognizing the severe economic strain caused by inflation reaching an unprecedented 263.4%.
Currently, the minimum pension of €213 is inadequate, falling short of the basic cost of living necessities, which totals €277, exacerbating financial distress for retirees.
Demonstrations ensued in the wake of the vetoed pension bill, with protesters clashing with police, illustrating the societal unrest over economic policies.
Milei defends his austerity measures, arguing that they are vital for achieving long-term economic stability, despite facing significant public disapproval and protests.
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