Even his own Colorado party abandoned the president to save their own skin; his former mentor Horacio Cartes openly withdrew his support. #Paraguay #ColoradoPartij #Bankcrisis (translated)
The president of Paraguay, Santiago Peña, has been arrested and removed by the Senate due to his involvement in a banking crisis that has cost millions of residents their money. #Paraguay #SantiagoPeña #Bankschandaal (translated)
Pedro Alliana has been sworn in as the new president of Paraguay, after Santiago Peña was officially removed due to a banking crisis that would have deprived millions of Paraguayans of their savings. #Paraguay #Alliana #bankcrisis (translated)
The Central Bank of Paraguay has begun repaying funds to savers who are victims of the banking crisis, which has also led to political unrest and an impeachment process against President Santiago Peña. #CriseBancaire #Paraguay #UenoBank (translated)
A political opponent of the two, Efraín Alegre, referred to Cartes at the time as the "Paraguayan Pablo Escobar" and Peña as his assistant, according to The New York Times. #Paraguay #SantiagoPeña #bankcrisis (translated)
