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Paraguay’s President Pena resigns as bank collapse sparks crisis
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Paraguay’s President Pena resigns as bank collapse sparks crisis

Paraguayan President Santiago Pena resigned on Thursday after the collapse of digital lender Ueno triggered a political and financial crisis, froze access to millions of accounts and ‌rattled investor confidence in one of South America’s most stable economies. Pena stepped down hours before lawmakers moved ahead with impeachment proceedings, after losing support within his own


Paraguayan President Santiago Pena resigned on Thursday after the collapse of digital lender Ueno triggered a political and financial crisis, froze access to millions of accounts and ‌rattled investor confidence in one of South America’s most stable economies.
Pena stepped down hours before lawmakers moved ahead with impeachment proceedings, after losing support within his own conservative Colorado Party.
In a statement on social media, Pena said he would appear before Senate impeachment…

Source: www.scmp.com

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