Economic news papers summaries.

In February 27th the earthquake in Chile took place, which created a lot of damage:
-over 800 deaths had been confirmed
-a lot of people remained missing
The victims of catastrophe included fisherman and farm workers, some of Chile’s poorest people, as well as campers and backpackers who had been enjoying summer holidays.
The government seemed slow to react, but Chile has a lot of emergency food and some medical support from other countries. The earthquake affected not only supermarkets and houses, but also public offices, which is the highest material lost for Chil’s government.
The president Michelle Bachelet declared that he will commit 10,000 army troops to keep the situation stable and under-control.
Eqect, a risk-modelling company in California won itself publicity that the earthquake will cause $15-30 billion in damage, or up to 20% GDP. Unfortunately the material causes are not yet counted.One of the biggest and the most prospering wood factoriesy, which accounts for an 8% share of the market , has closed because of a lot of damage created to the factory.
The government is faced with restoring roads and ports, building 5,000,000 new homes, government offices, supermarkets and repairing 1,000,000 other buildings. The budget for covering all losses is estimated at $11 billion.