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Sebastián Piñera tries to put Chile back on track

A former president returns, with reforms on his mind In his first term in the Moneda palace between 2010 and 2014, Sebastián Piñera, a billionaire businessman of the center-right, oversaw rapid economic growth but failed to inspire popular affection due to a lack of charisma. After an interlude in which Chile swung left under Michelle Bachelet, Piñera has been back as president since March. Second terms often disappoint—Bachelet’s did—but Piñera says he has learned from experience. “There’s no…

Chile turns to Piñera to lead economic recovery

Sebastián Piñera, Chile’s billionaire former president, won the presidential election on Sunday, returning to the office he held from 2010-14 in the latest swing to the right in Latin America. The 68-year-old former airline magnate — whose anticipated victory propelled the local stock market to record highs this year after six years of stagnation — received 54.5 per cent of the vote, leaving his center-left rival Alejandro Guillier, a former television anchor, with 45.5 per cent, after 92 per cent of…