After the judicial failure, Piñera will implement the project …

After suffering a serious defeat in the Constitutional Court, the President of Chile, Sebastián Piñera, announced that he would enact the third retirement from pension funds. By seven votes for and three against, the full court decided to “not accept the request for treatment” presented by the government against the law allowing the withdrawal of up to ten percent of private pension funds designed as a lifeline to face the economic crisis resulting from the pandemic. This Tuesday, the dockers paralyzed their activities for the second day in a row, while several unions called for a general strike on Friday to reject the president’s decision to appeal to the Constitutional Court.

“As a government, we respect and accept the decision of the Constitutional Court, without prejudice to not sharing it.. For these reasons, we will adopt the reform today to allow the withdrawal of 10% of retirement savings, “Piñera said in a brief speech from the Palacio de La Moneda. The Chilean president added that his government will do everything in its power. works to ensure that economic resources reach Chilean families as early as next week.

Piñera said that “in life, you have to know how to accept the rules and decisions of the rule of law when you share them and also when you do not share them”. He also informed that he would withdraw his own plan to withdraw funds and announced that he would present another initiative offering new financial assistance.

The President of Chile had urgently summoned his cabinet after the announcement of the expected court decision. The opposition and part of the ruling party argue that withdrawals from pension funds are necessary because the $ 18 billion announced by the government for social assistance is insufficient and does not reach the population.

The new pension withdrawal was approved by a large majority in Congress last week. His rejection and the attempt to arrest him by the courts generated widespread repudiation of Piñera, who hit the sad 9% approval record on Monday. On Tuesday, several Chilean ports went on strike and erected barricades at the entrances to terminals to protest the government’s delay strategy.

The president’s latest decision, however, was celebrated by the opposition. “Piñera recognizes defeat and promulgates the third withdrawal and announces a project for people without funds”, said the deputy of the Communist Party, Camila Vallejo. For her part, the member of the Humanist Party (PH), Pamela Jiles, expressed that it is “the end of the Piñera government in practice”, because “He will be able to continue I do not know how long in La Moneda, but he will vegetate, he will be decorative”.