Paraguay places president under house arrest and shortly afterwards swears in successor

Paraguayan President Peña lost support due to a banking crisis, leading to his impeachment by the Senate. He had announced his resignation, but the Senate rejected it, initiating an impeachment process. This process removes his legal protections, allowing for accountability. The crisis arose from the collapse of Ueno bank, affecting nearly 3 million Paraguayans. Protests erupted as many lost access to their funds. New President Alliana promised compensation for victims, and the central bank began reimbursing affected account holders. Peña remains under house arrest as the prosecution prepares charges against him for misconduct related to the bank's failure.