Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Chile´s Pinera acknowledges security force abuses during protests, says 'no impunity'

Published 2019-11-17, 08:53 p/m
Updated 2019-11-17, 08:55 p/m
Chile´s Pinera acknowledges security force abuses during protests, says 'no impunity'

SANTIAGO (Reuters) - Chilean President Sebastian Pinera on Sunday vowed "no impunity" for security forces that used excessive force and violated the rights of protesters during weeks of violent riots over economic policies and social injustice that have left more than 20 dead.

Public prosecutors in Chile are investigating more than 1,000 cases of alleged abuses - ranging from torture to sexual violence - by the police and military.

"Despite our firm commitment and precautions ... to protect human rights, in some cases protocols were not adhered to, there was excessive use of force and abuses and crimes were committed," Pinera said in a televised speech Sunday night.

"There will be no impunity," he added.

Protests have rocked Santiago for a month in the biggest crisis to hit the South American nation since its return to democracy in 1990. Weeks of unrest have knee-capped the economy, prompting increasingly grim forecasts for growth and unemployment.

Pinera´s government has promised a raft of reforms to quell protesters' demands, from beefing up the minimum wage to topping off pensions.

Chilean lawmakers on Friday also announced a deal to hold a referendum in April on replacing the country's dictatorship-era constitution, a major concession to protesters who say it is rigged against the poor.

Pinera hailed the deal in his Sunday night speech from the La Moneda presidential palace.

"Our citizens will now have the last word with respect to a new constitution, the first to be drawn up in democracy," Pinera said.

Financial markets celebrated Friday´s announcement. Chile's stock exchange rebounded, posting its biggest daily gain in 11 years, and the peso shot upwards against the dollar after plummeting to a historic low days before.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.