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Chile’s constitution cost, Massa & Argentina’s mess

A recent report suggesting that provisions in Chile’s draft new constitution could increase annual government spending by 9-14% of GDP underscores that the country is shifting towards the state playing a much bigger role in the economy. Elsewhere, Argentina’s new economic superminister Sergio Massa has talked a good game on sticking to the IMF deal, but meeting the programme’s goals will be a big challenge.

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