Paraguay's Vice President Named President After Senate Impeaches Predecessor Over Banking Crisis

Paraguay's Senate on Friday voted to impeach President Santiago Pena over a large-scale banking crisis. Following the vote, senators appointed Vice President Pedro Alliana to lead the country. The removal of Pena is directly tied to the fallout from the banking sector collapse. Alliana's appointment marks a sudden transfer of executive power in the South American nation. The article reports that Alliana has pledged support for victims of the crisis.
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