Paraguay: Senate Impeaches President Santiago Pena Over Bank Scandal

<b>Paraguay Senate</b> voted on Friday to impeach <b>President Santiago Pena</b> after a banking crisis left millions unable to access deposits, with a 30‑to‑15 vote marking the first impeachment of a sitting president. The Senate cited mismanagement and alleged collusion with the failed <b>Banco del Paraguay</b>, saying the president ignored warnings that could have averted the collapse. Finance Minister Maria Fernanda Gutiérrez called the move to restore confidence. Paraguay’s political drama underscores how fragile institutions can tumble when leaders ignore banking red flags, a stark contrast to India’s steady democratic track record that keeps markets humming.