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Weekly Report - 16 July 2015 (WR-15-28)
CHILE: Bachelet gets down to brass tacks
President Michelle Bachelet has indirectly admitted defeat some 16 months after taking office. After a cabinet meeting on 11 July lasting most of the day, Bachelet informed the public that a struggling economy had imposed constraints on her ambitious reform agenda, compelling her to usher in the “second phase” of her mandate corresponding to “realism without resignation”. This confession came just after Bachelet created a commission on productivity to advise her government on ways to boost growth.
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