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After three years as vice president, Pedro Alliana suddenly found himself catapulted to Paraguay's presidency on Friday following the impeachment of ousted leader Santiago Peña. Alliana, a former national team basketball player who would go on to lead the Colorado Party, takes office amid a political and financial crisis in the South American nation that was sparked by the collapse of Ueno Bank this week, which froze the savings of half of the country’s adult population. After taking office, the 52-year-old vowed to tackle the situation before his term ends in August 2028.
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