Teachers strike in Paraguay to demand pension fund protections following bank’s collapse
Teachers demand the return of about $60 million in pension funds after the government intervened in Ueno Bank and froze millions of accounts.
- Public schoolteachers went on strike Monday in Paraguay, demanding priority recovery of around 60 million dollars in pension funds deposited in Ueno Bank before the government intervened last week.
- The bank's collapse led to the removal of Paraguayan President Santiago last week after legislators accused him of using political influence to steer millions in public funds into Ueno.
- Lawmakers accuse Paraguayan President Santiago of letting the state pension fund deposit $355 million at Ueno beyond legal limits; more than 3 million people were frozen out of accounts last Tuesday.
- The Central Bank began returning deposits last week and had partially or fully refunded more than 1.2 million Ueno customers by Saturday, though the guarani lost about 8% of its value.
- Prosecutors charged Paraguayan President Santiago Saturday with breach of trust and administration for personal gain, crimes carrying up to 20 years in prison, while Pedro Alliana has assumed the presidency.
32 Articles
32 Articles
Teachers of the Paraguayan public network went on strike on Monday (9) and went to the streets of various cities of the country. The mobilization takes place after the breakdown of the ueno bank, which proved the impeachment and imprisonment of President Santiago Peña. Silvio Piris, president of the Federation of Educators of Paraguay, said that the teachers are concerned about the fate of about $60 million (R$330 million) of pension funds depos…
Teachers strike in Paraguay to demand pension fund protections followi
Public schoolteachers went on strike in Paraguay Monday and took to the streets of several cities following the collapse of a major bank that resulted in the removal of the nation’s president last week. Silvio Piris, the president of the Federation of Paraguayan Educators, said that teachers in Paraguay are concerned over the fate of around 60 million dollars in pensions funds that had been deposited in Ueno, the bank that was intervened by Para…
Teachers strike in Paraguay to demand pension fund protections following bank’s collapse – WTOP News
Public schoolteachers went on strike in Paraguay Monday and took to the streets of several cities following the collapse of a major bank that resulted in the removal of the nation’s president last week. Silvio Piris, the president of the Federation of Paraguayan Educators, said that teachers in Paraguay are concerned over the fate of...
The Toronto Star
Teachers strike in Paraguay to demand pension fund protections following bank’s collapse
Public schoolteachers went on strike in Paraguay Monday and took to the streets of several cities following the collapse of a major bank that resulted in the removal of the nation’s president last week.
Associated Press News
Teachers strike in Paraguay to demand pension fund protections following bank's collapse
Thousands of public schoolteachers went on strike in Paraguay and took to the streets of several cities following the collapse of a major bank that resulted in the removal of the nation’s president last week.
The unions demand the safekeeping of the tax fund and the immediate restitution of the pension funds.
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