Paraguay’s President Peña Faces Impeachment Over Ueno Bank Collapse
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Pressure mounted hours before the session when the ruling Colorado Party, which Peña leads, threw its support behind an impeachment trial. The move puts the president’s own party at odds with him over the handling of the bank failure. The outcome matters for Paraguay’s policy stability and its standing with investors as the government confronts its biggest banking crisis in years.
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Named in this story
Ueno Bank, Santiago Peña, Paraguay, Colorado Party, Chamber of Deputies