Chile again veers right as Pinera returns to presidency

Chile's newly inaugurated President Sebastian Pinera and his wife Cecilia Morel, left, leave Congress after his swearing-in ceremony in Valparaiso, Chile, Sunday, March 11, 2018. Pinera returned to Chile’s presidency after his first term from 2010 to 2014. (AP Photo/Esteban Felix)
A police and his sniffer dog inspect the seating area before the inauguration of Chile's newly elected President Sebastian Pinera inside Congress in Valparaiso, Chile, Sunday, March 11, 2018. (AP Photo/Esteban Felix)
Chile's President Sebastian Pinera waves from an open car under a shower of confetti as he makes his way to La Moneda presidential palace on the day of his inauguration in Santiago, Chile, Sunday, March 11, 2018. Pinera returned to Chile’s presidency, after his first term from 2010 to 2014. (AP Photo/Esteban Felix)
Chile's newly elected President Sebastian Pinera arrives for his inauguration ceremony at Congress in Valparaiso, Chile, Sunday, March 11, 2018. Pinera returned to Chile’s presidency after his first term from 2010 to 2014. (AP Photo/Luis Hidalgo)
Chile's newly elected President Sebastian Pinera receives the presidential sash from Senate President Carlos Montes as Chile's outgoing President Michelle Bachelet looks on during his swearing-in ceremony at Congress in Valparaiso, Chile, Sunday, March 11, 2018. Pinera returned to Chile’s presidency, after his first term from 2010 to 2014. (AP Photo/Esteban Felix)
Chile's President Sebastian Pinera is showered with confetti as he rides in an open car to La Moneda presidential palace on the day of his inauguration in Santiago, Chile, Sunday, March 11, 2018. Pinera returned to Chile’s presidency, after his first term from 2010 to 2014. (AP Photo/Esteban Felix)
Chile's outgoing President Michelle Bachelet, center wearing sash, arrives to Congress for the inauguration of newly elected President Sebastian Pinera in Valparaiso, Chile, Sunday, March 11, 2018. (AP Photo/Esteban Felix)
Chile's newly elected President Sebastian Pinera, left, and outgoing President Michelle Bachelet embrace during his swearing-in ceremony at Congress in Valparaiso, Chile, Sunday, March 11, 2018. Pinera returned to Chile’s presidency, after his first term from 2010 to 2014. (AP Photo/Esteban Felix)
Chile's outgoing President Michelle Bachelet waves as she arrives for the inauguration of newly elected President Sebastian Pinera, at Congress in Valparaiso, Chile, Sunday, March 11, 2018. (AP Photo/Luis Hidalgo)

SANTIAGO, Chile — Conservative Sebastian Pinera returned to Chile's presidency Sunday, vowing to revive an economy that has slumped under center-left leader Michelle Bachelet and calling for unity in helping the country's less fortunate.

The outgoing leader handed the presidential sash to the president of Congress, who then swore in Pinera — who himself had turned over the office to Bachelet in a similar ceremony four years ago.

Pinera, a billionaire entrepreneur, oversaw growth that averaged 5.3 percent a year during his first term from 2010 to 2014, aided by pro-business policies, rising prices for Chile's chief export, copper, and a huge rebuilding effort following a magnitude 8.8 earthquake that hit just before he took office.

A slump in copper prices helped sour Bachelet's second round as president, with the economy — and the president's popularity — slipping badly in 2014 and 2015. The country's first female president had been wildly popular when she ended her initial term by handing power to Pinera.

"From day one, Pinera is going to want to show that under him, the wheels of the economy will start to spin again," said Cristobal Bellolio, a professor of government at the Adolfo Ibanes University.

In the first speech of his new term, Pinera called for a national consensus on protecting the tens of thousands of young people who live in state-run homes or related institutions, which saw 865 youngsters die over the past decade.

The new president also called for improvements in health care and improvements in the La Araucania region, where many of the 700,000 members of the indigenous Mapuche community live in deep poverty and where some activists are fighting to recover ancestral lands.

Pinera's first administration was marked by big street demonstrations demanding reforms to education and other services as well as by the start of softening copper prices. He left office with favorability ratings in the 30s.

Pinera, whose first term ended 20 years of left-leaning governments, has said he hopes to work with center-left rivals to achieve his goals, but he also faces a challenge of herding his own sometimes fractious coalition, which includes parties that backed the dictatorship of Gen. Augusto Pinochet from 1973 to 1990.

"We have to see effectively if the right, for the first time in history, has the capacity to work as a team," said political analyst Miguel Zlosilo.

Among those at the ceremony were the presidents of Argentina, Bolivia, Brazil, Ecuador, Mexico and Peru.

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