Conservative Santiago Peña of Paraguay resigned from the presidency of his country on Thursday after the Paraguayan legislature began impeachment proceedings against him for his alleged role in the seizure of one of the largest banks in the country, which left millions unable to access their own money.
\n\nPeña, one of President Donald Trump’s closest allies in any nation, announced his decision to step down in a video message posted to social media on Thursday. He described the situation as “one of the most difficult moments of my life” but asserted that “social peace” and national stability required him to step aside. The bank seizure and subsequent asset freezing has resulted in widespread protests in the nation’s capital, Asunción, in which outraged customers have begun creating street fires and other major disruptions.
\n\nThe Central Bank of Paraguay seized Ueno Bank, one of the country’s largest financial institutions, on Tuesday, leaving 2.9 million customers without access to their money. The Central Bank found severe evidence of insolvency demanding the freezing of assets to rehabilitate the situation and allegedly to secure the funds potentially lost by the supposed mismanagement of the bank. Opposition members of Congress claimed that Peña played a role…
Original source: https://www.breitbart.com/latin-america/
