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Brazil & Southern Cone - August 2012 (ISSN 1741-4431)
CHILE: Government’s reform proposals create complex political battleground
President Sebastián Piñera managed to force a minimum wage increase through congress, but only after a prolonged process that took a heavy political toll on both the executive and the ruling coalition. That bodes ominously for the administration’s imminent submission of its key economic reform, the long awaited tax reform bill [RBS-12-01]. The timing is delicate – ahead of the October municipal elections.
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