Protests grip Paraguay's capital as Santiago Peña taken to military unit
In the streets of Asunción, thousands of Paraguayans celebrated the president's downfall, but also showed dissatisfaction with frozen bank deposits
TL;DR
- President Santiago Peña was impeached and ordered to house arrest within 36 hours for alleged misconduct.
- Public demonstrations occurred in Asunción following Peña's impeachment, with some protesting frozen bank deposits.
- Vice President Pedro Alliana immediately assumed the presidency and pledged compensation to victims of the Banco Ueno collapse.
- The impeachment was reportedly facilitated by a withdrawal of support from former President Horacio Cartes for Peña.
- Banco Ueno's insolvency led to millions of Paraguayans being unable to access their deposits, paralyzing parts of the economy.
- Eight bank executives and the former Central Bank president were arrested in connection with the financial crisis.