The situation is awful, but it's not "devastation". Deposits are guaranteed and the guarantee is being executed. 98% of savings account will be paid in full.
Paraguayan here. Not really, it's more of internal political maneuvering.
With all that said, Peña was really deep into that bank crap, so the resignation is justified in my opinion.
I doubt it, but based upon the abc link orsorna posted, I cannot but help to think if this is a preview to the *coins (!bit) created at the start of Trump 2. This includes Trump's Coin.
The submitted link borders on worthlessness, even though the topic seems very interesting. Here is something quick I grabbed:
https://abcnews.com/International/wireStory/paraguay-seizes-...
Better submissions (take your pick): https://news.ycombinator.com/item?id=50381177 and https://news.ycombinator.com/item?id=50381289
Business as usual.
Please dont normalize the devastation of the majority of the population of a country
The situation is awful, but it's not "devastation". Deposits are guaranteed and the guarantee is being executed. 98% of savings account will be paid in full.
Santiago Peña resigned as president of Paraguay. I wonder if this is a domino effect of Trump losing midterms.
Paraguayan here. Not really, it's more of internal political maneuvering. With all that said, Peña was really deep into that bank crap, so the resignation is justified in my opinion.
I doubt it, but based upon the abc link orsorna posted, I cannot but help to think if this is a preview to the *coins (!bit) created at the start of Trump 2. This includes Trump's Coin.