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July 23, 2020

CHILE: Political implications of pension withdrawal initiative

BY Nicholas Watson

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( 5 mins) The government has suffered a heavy defeat by failing to block an opposition-led initiative that would allow people to dip into their retirement savings. While immediate-term governability can be restored by a likely cabinet reshuffle, President Sebastian Pinera is left permanently weakened, while the governing coalition is increasingly divided. The episode is an early warning […]

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