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Bloomberg analysis: “Chile seeks to emerge from its crisis but is paying a very high price”

“It is at stake not only for social peace but also for the reputation of Chile’s fiscal prudence that has earned it the highest sovereign debt rating in Latin America,” the agency says. Chile bets on its status as a model example in favor of the market as the government rules out plans to reduce debt in favor of at least $1.5 billion per year in additional social expenses to appease the protesters. In the midst of violent demonstrations that reach a second month, officials are now planning…
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