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Billionaire businessman Pinera wins election in Chile

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Billionaire businessman Pinera wins election in Chile


The people of Chile have ended 20 years of centre-left rule by voting in Sebastian Pinera as their new president. Supporters of the billionaire businessman took to the streets in celebration, after he won Sunday’s election. Many are disillusioned with the current government.

Gracious in victory, Pinera spoke about his opponent, incumbent President, Eduardo Frei: “Because I have known him for many years, I’m sure we will have a good opposition. One that is loyal, that will be constructive and vigorous when it needs to be. That is how we’re going to build a country for everyone.”

Pinera won 52 per cent of the votes counted, prompting Frei to concede defeat. Now the new president will focus on battling recession in Latin America’s most economically stable country.

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