Paraguayan Chancellor Discards Ueno Bank Crisis Affecting the Rest of the System · Global Voices
5 Articles
5 Articles
Asunción, Nov 9 (EFE).- Paraguay's chancellor, Rubén Ramírez, ruled out Monday that the Ueno bank crisis, intervened for insolvency problems, has affected the rest of the financial system, and defended the political process that began after the dismissal of the now former president Santiago Peña and the swearing in as new ruler [...] The entry Paraguayan chancellor dismisses that the Ueno bank crisis has affected the rest of the system was first…
The intervention in Paraguay of Ueno Bank is added to the list of financial institutions collapsed in Latin America by property insolvency, resulting from the irregular granting of loans to companies linked to the owners and to connections with political power. Paraguay is considered as a country with an economy of the most stable in Latin America. The bankruptcy of Ueno Bank, which has caused the dismissal and detention of President Santiago Pe…
Paraguay's chancellor, Rubén Ramírez, rejected the idea that the Ueno Bank crisis had affected the country's financial system, claiming that the situation had been isolated and that the political process had been conducted with constitutional rigour.
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