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Paraguay's President appears before prosecutors after bank collapse

Original: Paraguay’s President appears before prosecutors after bank collapse leaves half of population locked out of accounts htt

Paraguay's President has appeared before prosecutors after a bank collapse left roughly half of the country's population unable to access their accounts. The crisis has triggered calls for impeachment, with the president facing scrutiny over the banking failure and the government's handling of a freeze that locked millions of Paraguayans out of their savings. Protest and political fallout are expected as investigations continue.

Why now: A banking collapse affecting half the population is a major national crisis putting the president under legal and political pressure.

ParaguaySantiago Peña

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