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    Paraguay Congress Impeaches President Over Bank Collapse

    Paraguay Congress Impeaches President Over Bank Collapse

    Key TakeawaysThe collapse of Paraguay’s Ueno Bank stranded millions in deposits and sparked violent street protests.Central bank head Carlos Carvallo resigned amid public outrage over lax oversight and ties to Ueno.Lawmakers rejected President Peña’s resignation,...
    ECB Targets 2029 Digital Euro Launch After Massive 2027 Pilot

    ECB Targets 2029 Digital Euro Launch After Massive 2027 Pilot

    Key TakeawaysThe ECB is advancing digital euro legislation, aiming for a 12-month pilot in 2027 and a 2029 launch.The CBDC aims to unify Europe’s fragmented payment systems and reduce reliance on foreign card firms.Officials promote the digital euro to counter rising...
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