Chile Copper Windfall Forces Hard Choices on Spending
Tagged: ChilePosted on: January 7th, 2007“resident Michelle Bachelet is learning the hard way that it really is possible to have too much of a good thing. Record prices for copper, Chile’s main export, have given her government a multibillion-dollar windfall but have also produced unexpected economic side effects and set off a sharp political debate about how to use the money.
Within Ms. Bachelet’s center-left coalition ”” mainly her Socialist Party and the Christian Democratic Party ”” pressure has been growing to apply the bonanza to the “equality agenda” she has promised. But the president and her cabinet have been hesitant to do anything that may undermine Chile’s reputation for cautious fiscal management.”
Curation from Tomás
Filed Under: 1. Hispanic News, International
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