Paraguay's Senate removes President Santiago Peña over bank collapse
Paraguay's Senate removed President Santiago Peña from office on Friday in an impeachment trial for poor performance of his duties, tied to his links to Ueno Bank. AFP reports 44 senators voted in favor, with one absent. The central bank took over Ueno Bank on Tuesday, leaving nearly three million depositors, almost half the population, without access to their money, and thousands have protested. Peña announced his resignation Thursday, but Congress did not accept it and went ahead with the trial. Vice President Pedro Alliana is set to be sworn in as president.
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Why it matters
Nearly three million Ueno Bank depositors, almost half of Paraguay's population, lost access to their money when the central bank took over the bank. Peña signed a law requiring most funds to be returned within five business days, and Paraguay is now changing presidents.
How each side sees it
Sources
- AFP via El Universo: Santiago Peña removed in impeachment trial
- Semana: Paraguay's Senate removes the president
- AFP via Swissinfo: President faces impeachment amid bank-crisis protests
- El Cronista: Peña impeachment live
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