Free Trial

Third Pension Withdrawal Approval Poses Problem For Pinera

CHILE
  • Chile's senate approved legislation allowing early pension fund withdrawals. This comes shortly after President Sebastian Pinera challenged the bill's legality in the Constitutional Court.
  • Some political conflict as several of Pinera's allies voted in favour of the bill, popular among the electorate.
  • "Pinera, your request before the Constitutional Court speaks to your disconnection and distance from the people," said Pedro Araya, an independent senator who heads the upper house's constitution committee.
  • The proposal will return to the lower house as soon as Friday for final votes after senators modified parts of the text.
  • Today at 1400BST/0900ET – Chile March PPI – No estimate, 3.5% prior reading.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.