Paraguay Bank Collapse Cuts Off Access to Funds
A bank collapse has left about half of Paraguay without access to funds, according to one report. Reports differ on the president's status: some say Santiago Peña was impeached and arrested, while others say he is under house arrest.
Context
Context: Paraguay is a landlocked South American country whose people rely on banks for daily payments and savings. When a bank fails, customers can lose quick access to their money, which is why such crises spread fast.
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