Paraguay President Santiago Peña resigns
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- The move follows a bank collapse and after the lower house of congress voted in favour of pursuing an impeachment trial against him.
- Paraguayan lawmakers voted to impeach President Santiago Peña minutes after his resignation, as the collapse of a digital bank tied to his government froze millions of people's savings.
- Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse Paraguay’s rightwing president, Santiago Peña, resigned on Thursday after a political and financial crisis collapsed the South American country’s banking system in recent days. At the…
Coverage
- Paraguay's President Santiago Pena has resigned amid a crisis over his ties to collapsed lender Ueno. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
- Paraguay's President Santiago Pena has resigned amid a crisis over his ties to collapsed lender Ueno. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
- President Pena, a Trump ally, had faced an impeachment motion and protests after the collapse of digital lender ueno.