Political Turmoil in Paraguay: President Santiago Peña Resigns Amid Bank Collapse
Paraguay is facing a significant political crisis following the abrupt resignation of President Santiago Peña, which came just moments before he was officially impeached. The turmoil began with the collapse of Ueno Bank, a major digital financial institution closely tied to Peña, leaving millions of customers unable to access their savings and sparking widespread protests across the nation. As accusations of misconduct emerged, the Paraguayan Senate swiftly moved to impeach him, resulting in his resignation. In the wake of this scandal, authorities have initiated legal actions against Peña and former officials, escalating the crisis. Thousands have taken to the streets, demanding accountability from their leaders as the country grapples with the fallout of the banking failure.
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