From The Hindu
Center-Left Owned by Kasturi & Sons Ltd.Santiago Pena, Paraguay President, steps down as banking crisis sows chaos
What's behind this
Paraguay’s Senate impeached President Santiago Peña after a banking crisis left millions unable to access their deposits, accusing him of involvement in the scandal. Although Peña had offered to resign, lawmakers continued impeachment proceedings that would remove his presidential immunity. Following his impeachment and arrest, the Senate swore in Pedro Alliana as the new president. The ouster was described as a response to the bank collapse that triggered the political action.
AI-generated overview from 4 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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left · 1 outlet
Thousands of Paraguayans gathered outside Congress on Thursday (November 5, 2026) to protest against the President
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center · 1 outlet
Paraguay's Senate has removed President Santiago Peña over allegations linked to the collapse of Ueno Bank.
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right · 2 outlets
Paraguay's Senate on Friday impeached President Santiago Pena over a banking crisis that left millions of people unable to access their deposits.
— NDTV
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Thousands of Paraguayans gathered outside Congress on Thursday (November 5, 2026) to protest against the President
