Chile: Preparations for presidential transition under way

Newly elected Sebastian Pinera is expected to target many of the social reforms enacted by the previous government.


    Chile's stock index soared, and the currency strengthened a day after the election of billionaire businessman Sebastian Pinera as president.

    He has promised economic growth, but supporters of the outgoing centre-left government say they'll fight to defend its social reforms.

    Al Jazeera's Lucia Newman reports from Santiago.


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