Alliana new president of Paraguay, Peña officially ousted after banking crisis

Pedro Alliana has been sworn in as the new president of Paraguay, succeeding Santiago Peña, who was ousted by parliament amid a banking crisis. Peña's removal was linked to a situation where millions of Paraguayans could not access their savings. Alliana, previously Peña's vice president, faces a challenging political and financial landscape. Following his ousting, Peña lost legal protections and is now under house arrest due to allegations of his connections with Ueno Bank, which has been placed under state control due to severe financial issues. Alliana promised to compensate affected account holders as the central bank begins to disburse funds.