Bachelet’s Brand of Austerity Is Too Little, Too Late

Do not confuse Chile’s slowdown in spending growth with real spending cuts. (Duna.cl)
EspañolWhen Chilean Finance Minister Rodrigo Valdés presented the government’s budget for 2016, he finally cleared up some of the uncertainty surrounding the feasibility of cutting public-spending growth. He may even have revealed more than the New Majority government would have