Paraguay Removes Ousted President Peña from Office Over Banking Crisis, Places Him Under House Arrest
Source Summary
Paraguayan authorities placed ousted president Santiago Peña under house arrest on Friday after the Senate unanimously voted to remove him from office over a massive banking crisis. The crisis locked nearly half of Paraguayans out of their savings. Peña had offered his resignation, but lawmakers proceeded with impeachment proceedings that stripped him of political immunity.
Why it matters
The removal of a sitting president and subsequent house arrest represents a major constitutional and political crisis in Paraguay, with systemic consequences for the country's banking system and governance.
