Wednesday, May 18, 2011

End of Copper Law gets closer

Even as the binomial system comes closer to its demise, so does the Chilean Copper Law.  Sebastián Piñera is sending a bill to Congress to end it (the headline of the article unhelpfully mentions that he signed it, as if that made it a law).  Piñera already shifted control of the funds to the Ministry of Finance, and I had wondered whether that meant he would sit on it for a while, but he's not (and, after all, with a single four year term Chilean presidents can't sit on anything too long).  It certainly has an excellent chance of passing with the Concertación and fiscal conservatives on board.  Opposition will come from those on the far right tied to the military, as well as nationalist sentiment, potentially with concern about conflict with Peru.


  © Blogger templates The Professional Template by 2008

Back to TOP