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La caída de Santiago Peña: Un terremoto político en Paraguay | Dr. Geovanny Vicente-Romero analiza
How did Santiago Peña’s government fall in Paraguay? A political documentary by GVR.
In this approximately 8-minute explainer, we examine the rapid downfall of President Santiago Peña in November 2026.
Discover how the collapse and intervention of Banco Ueno triggered frozen savings, massive protests in Asunción, the loss of support from the Colorado Party, and a historic impeachment trial in the Senate.
An analysis of financial regulatory independence, the dangers of conflicts of interest, and the fragility of political power when public trust is lost.
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⏱️ TIMESTAMPS
00:00 – Introduction: Paraguay’s Political Earthquake
01:05 – The Technocratic Profile: Economist, Minister, and Academic
02:15 – Banco Ueno’s Rapid Rise and Its Political Connections
03:30 – November 3: The Financial Collapse and $800M in Frozen Public Funds
04:45 – November 4: Massive Protests and the Break with Horacio Cartes
06:00 – November 5: The Rejected Resignation and the Impeachment Process
07:10 – November 6: Unanimous Senate Vote to Remove Peña
07:45 – Conclusion: Lessons on Power and Institutional Trust
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💡 DID YOU KNOW? | FUN FACTS
1. Banco Ueno’s Massive Reach
Banco Ueno reportedly served approximately 2.9 million customers in a country with a population of just 6.1 million, directly affecting the savings of nearly half the country.
2. A Previous Academic Connection in Washington, D.C.
Before becoming president, Santiago Peña was a visiting professor at George Washington University in Washington, D.C., where he served as thesis advisor to the author of this analysis, Geovanny Vicente-Romero.
3. A Historic Unanimous Vote
Peña’s removal on November 6, 2026, was approved unanimously by all 44 senators present in the chamber.
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Analysis by GVR | Dr. Geovanny Vicente-Romero, PhD
From Washington, D.C.
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