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SnapshotsFeb 3, 2020 | 18:23 GMT
The EU's Regional Blocs Butt Heads on the Budget
The European Union's multiyear budget sets spending priorities and limits in the Continental bloc for seven-year periods. It pays for multiple EU initiatives, including aid to farmers and investments in infrastructure. But without the now-departed United Kingdom's contributions, spending cuts could endanger several EU programs, while reductions in transfers to countries in Central and Eastern Europe could hurt their economies.
AssessmentsDec 20, 2019 | 10:00 GMT
Demonstrators clash with riot police following a protest against the Chilean government Dec. 18, 2019, in Santiago, Chile.
The Chilean Government Has Calmed, but Not Solved, Protester Anger
Setbacks and controversies during the process of replacing the Chilean Constitution over the next several years will keep the risk of turmoil like that seen in recent months alive. Continued unrest will threaten Chile's business-friendly reputation. Since October, Chile's demonstrations have periodically rocked urban areas, drawing in not only the left, students and radicals but a broad cross-section of Chilean society, including professionals and the middle class. Government promises to replace the country's constitution have, however, somewhat quieted recent protests.
GuidanceNov 8, 2019 | 21:35 GMT
Riot police officers stand guard in front of a burning barricade during a protest against the government of President Sebastian Pinera on Nov. 7, 2019, in Santiago, Chile.
In Chile, Protests Show No Signs of Dying Down
With Chile's protests poised to enter their fifth week, the prospects for a timely and tidy resolution are dim. Already, the sustained demonstrations in Santiago and other cities have led to at least 20 deaths, cost the economy an estimated $1.5 billion and forced the government to cancel the mid-November Asia-Pacific Economic Cooperation (APEC) summit at the last minute. Following the spread of demonstrations into Santiago's wealthier neighborhoods earlier this week, President Sebastian Pinera unveiled a carrot-and-stick approach on Nov. 7: While announcing plans to enhance the government's ability to monitor and punish violent protesters, he also heralded the beginning of "citizen dialogues" next week. But government concessions and efforts at dialogue will be hard-pressed to resolve the factors fueling the protests for two reasons: the deep-seated nature of the grievances and the fragmented nature of the groups voicing them. And for businesses operating in Chile, that will mean continued disruption
SnapshotsMay 10, 2019 | 15:33 GMT
EU: Will the New European Commission President Be the 'Spitzenkandidat' This Time?
The race to appoint the next president of the European Commission is on. On May 9, the leaders of the 27 members of the European Union sans the United Kingdom met in Romania to discuss the future of the bloc. The summit resulted in a 10-point declaration calling for the union to remain united "from East to West, from North to South" and "through thick and thin." But aside from poetic declarations of unity, the meeting allowed governments to start discussing who will lead the commission for the next five years, a decision that will shape the future of EU policy.
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