# Political Crisis Deepens

- Place: Asunción, Paraguay (-25.2637, -57.5759)
- Published: 2026-11-08T02:07:36.559Z · expires 2026-11-15T02:07:36.559Z
- Floors (The Arena): E12 States, E10 Institutions, E6 Organisms
- Page: https://emergencemachine.com/brief/948
- AI-written summary of the sources below; check them.

Paraguay's ousted president Santiago Peña has been charged in a banking scandal, per Al Jazeera.

Peña was removed from office following a parliamentary vote and is now facing prosecutors over the collapse of a major bank, reports the Los Angeles Times.

The political turmoil has sparked unrest across the country amid fears of economic instability, as noted by AP News.

## Sources

- [Paraguay’s ousted president charged over banking scandal](https://www.aljazeera.com/economy/2026/11/7/paraguays-ousted-president-charged-over-banking-scandal) · aljazeera.com · 2026-11-07
- [Ousted Paraguayan president placed under house arrest after bank collapse](https://apnews.com/article/paraguay-santiago-pena-bank-failure-ueno-impeachment-trial-resign-crisis-e84f5ada84e8c747329ec82fabb46e4d) · apnews.com · 2026-11-07
- [Unrest in Paraguay amid banking and political crises, in photos](https://apnews.com/photo-gallery/unrest-paraguay-president-steps-down-photos-54f452eb49af4fc8b57f6cd2058b92dd) · apnews.com · 2026-11-07
- [Paraguay’s ousted president faces prosecutors after his removal over bank collapse](https://www.latimes.com/world-nation/story/2026-11-07/paraguays-ousted-president-faces-prosecutors-after-his-removal) · latimes.com · 2026-11-07
- [Ousted Paraguayan president appears before prosecutors](https://www.npr.org/2026/11/07/nx-s1-6033373/paraguay-president-ousted-bank-collapse) · npr.org · 2026-11-07