Chile wants loans, focuses on distributing aid


CONCEPCION, Chile (Reuters) - Chile will need international loans and three to four years to rebuild after a massive earthquake killed more than 800 people and demolished cities and towns, President Michelle Bachelet said on Thursday.

Saturday's 8.8-magnitude quake destroyed or seriously damaged hundreds of thousands of homes, wrecked bridges and highways, and cracked open modern buildings in the capital's suburbs. It shattered vats at Chile's famous vineyards and briefly shut down some of the world's richest copper mines.

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