Paraguay President Santiago Peña Resigns After Bank Collapse
Paraguay's President Santiago Peña has resigned. His decision follows a bank collapse in the country and a vote in the lower house of congress to pursue an impeachment trial against him. Impeachment is a formal process in which lawmakers examine charges against a top official.
Context
Paraguay is a South American country where the president serves a single five-year term. Impeachment is a process where the legislature can bring formal charges against top officials, and it is separate from ordinary elections.
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