Conservative billionaire Sebastian Pinera was sworn in Sunday to his second term as president of Chile, replacing socialist Michelle Bachelet in the office for the second time in eight years.
An emotional Bachelet helped Pinera put on the sash of office, gave him a kiss and then left the Congress with members of her government.
Pinera, who was president from 2010-2014, has promised to stimulate growth and create jobs.
He is assuming the presidency just as Chile’s economy is showing signs of rebounding from a period of sluggish growth due to low prices for copper, the country’s biggest export.
“The good times are coming,” his supporters chanted after he was sworn in. He was to deliver a speech later in the day.
Bachelet was cheered by supporters as she capped a second term in office in which she saw through an ambitious package of reforms aimed at eliminating the…
Read More…..Punch Newspapers
