Paraguay Senate Impeaches President Pena Amid Bank Collapse Scandal

Paraguay’s Senate voted on Friday to impeach President Santiago Peña from office. Lawmakers acted over his links to the collapse of Ueno, a local bank, a failure that has set off both a political and a financial crisis. The vote went ahead even though Peña had already announced his resignation a day earlier.

\n\n

The Associated Press reports that Peña stepped down on Thursday after the failure of a major digital bank tied to his government led to street protests and froze people’s savings. Within minutes of his announcement, Paraguay’s lower house voted 78 to 0 to impeach him and passed the charges to the Senate. Reuters reports that the Senate then moved quickly and removed him a day later.

\n\n

In a video posted on X on Thursday, Peña said he was leaving for the sake of the country’s stability, social peace and democratic institutions. In a post on X today, he wrote – "I submitted my resignation to prevent further harm to the country and help restore peace of mind to Paraguay. I do not want my presence to cause further division or instability. My responsibility is to put the country above my personal future."

\n\n

"Today, we must come together…

Original source: https://www.timesnownews.com/delhi

Leave a Reply

Your email address will not be published. Required fields are marked *