From Hindustan Times
Center Owned by HT Media‘Lost my life savings’: Paraguay banking crisis triggers protests as millions locked out of accounts; President resigns
What's behind this
Paraguayan President Santiago Peña announced his resignation amid a bank collapse, saying he acted for the stability of the country, social peace and to preserve democratic institutions. Shortly after, lawmakers voted 78‑0 to impeach him, a move described as a stunning repudiation by members of his long‑ruling Colorado Party who joined the opposition. The impeachment followed the Ueno Bank collapse that froze millions in savings and sparked three days of demonstrations in the capital, Asunción.
AI-generated overview from 2 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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center · 2 outlets
"I have made the decision to submit my resignation from the Presidency of the Republic. I do so thinking of the stability of our country, of social peace, and of the necessity to preserve our democratic institutions," he said.
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right · 2 outlets
The 78-0 vote marked a stunning repudiation of Peña by lawmakers from his long-ruling Colorado Party, who joined the opposition in backing his impeachment after three days of demonstrations rocked the capital, Asunción.
— Livemint
RSS excerpt
The banking has also sparked a political storm, with Paraguay's opposition moving to impeach President Santiago Pena.
