In a dramatic political turn, Paraguay’s Senate has voted to impeach President Santiago Peña following the catastrophic collapse of a major bank associated with his administration. This banking crisis has left millions of customers unable to access their accounts, effectively locking almost half the population out of their savings and triggering widespread protests across the country.

The Senate's decision to proceed with impeachment came despite Peña's offer to resign in the wake of the disaster. Lawmakers moved forward with the impeachment process, which strips him of the immunity typically granted to former presidents. Notably, Peña did not attend the Senate trial, despite previously stating his intention to defend himself against the accusations.S1S2

The fallout from this crisis has not only impacted individual customers but also public pension and healthcare funds, which are now entangled in the bank's collapse. The situation highlights the severe implications of financial mismanagement and has sparked significant public outcry against the government, further complicating the political landscape in Paraguay.S1S2