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Weekly Report - 24 June 2010 (WR-10-25)
CHILE: Piñera suffers defeat after 100 days in office
President Sebastián Piñera passed the manufactured benchmark of 100
days in office on 18 June without having managed to push through congress his
government's most pressing initiative - a post-earthquake reconstruction plan of
US$8.4bn. The centre-left Concertación, which has struggled to adapt itself to
life in opposition, scored its first notable victory over the Piñera
administration by rejecting a key part of that plan - an increase in the royalty
on mining companies, which the government estimates would bring in an extra
US$600m to state coffers.
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- Quotes of the week