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WORLD · BUSINESS · NOV 5, 1:49 PM ET

Paraguay President Santiago Peña resigns after bank collapse

Reported by 33 outlets in the past day, including BBC, Euronews, NPR.

1What happened

The move follows a bank collapse and after the lower house of congress voted in favour of pursuing an impeachment trial against him. BBC ↗

2What’s next

Vice President Pedro Alliana will take office, while millions of Paraguayans wait to recover their deposits. Euronews ↗

3Also reported

Santiago Peña resigned as president of Paraguay amid the Ueno Bank crisis and was later impeached over an alleged conflict of interest. Euronews ↗

Sources

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