BLOOMBERG/ President-elect Sebastian Pinera may now have to resort to deficit spending, borrow money for the first time since 2004 and tap the country’s $15 billion savings after the mammoth 8.8 quake that killed about 800 people and wreaked as much as $30 billion USD in damage to the infrastructure. He had campaigned on austerity after the outgoing government posted its first deficit in five years and promised to shrink the government and boost savings.
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