Paraguay's president is impeached minutes after resigning following a bank collapse
NPR · The Associated Press ·
Paraguayan lawmakers voted to impeach President Santiago Peña minutes after his resignation, as the collapse of a digital bank tied to his government froze millions of people's savings.
ASUNCIÓN, Paraguay — Paraguayan President Santiago Peña announced his resignation Thursday after the collapse of a major digital bank tied to his government triggered widespread protests, froze millions of people's savings and cost him the support of his own party.
The crisis at Ueno Bank turned Peña's long-ruling Colorado Party against him, a stunning reversal for the former International Monetary Fund economist who had enjoyed the backing of the country's most powerful politicians and was welcomed in Washington just weeks ago as a key ally of the Trump administration.
Minutes after Peña's announcement, the lower house voted 78-0 to impeach him, sending the charges to the Senate. Congressional leaders were expected to accept his resignation later Thursday, clearing the way for Vice President Pedro Alliana to be sworn in without waiting for a Senate trial.