SANTIAGO, Chile (AP) - Billionaire Sebastian Pinera has won Chile's election, becoming the nation's first democratically
elected right-wing president in 52 years.
The ruling coalition's candidate Eduardo Frei conceded defeat Sunday after 60 percent of polling stations reported a 52 percent
to 48 percent advantage for Pinera, ending two decades of
center-left rule since the end of Augusto Pinochet's dictatorship.
"We will be guardians of liberty and of all our social
victories," Frei said.
Pinera had a wide lead in every poll, and the race only
tightened after Frei and outgoing President Michelle Bachelet
repeatedly invoked the legacy of Pinochet, whose dictatorship was
supported by parties that make up Pinera's coalition.