TELESUR — broadcast
20261104 130000 UTC
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[00:00:00] Get the Telesur app for Android, iOS, and
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[00:00:27] internal politics and which are the ones that operator for signal availability. We defend the right
[00:00:31] to information, we defend the voice of the people.
[00:01:37] Dakar and is already becoming one of
[00:01:55] sustainability in the
[00:01:58] from 14 to 17 years old.
[00:02:04] Amidst everything that happened in the United States, things were also happening in
[00:02:08] Paraguay. Nearly 3 million bank customers woke
[00:02:11] The team from the Greater up, already yesterday they had the
[00:02:14] news of a financial corralito, meaning they can't
[00:02:17] touch their own money. The Central Bank of Paraguay is the one
[00:02:21] who made this decision. They are conducting an investigation because the
[00:02:25] investments, the loans granted by that bank are
[00:02:28] directed to financial groups, to families
[00:02:31] related to President Peña, that's
[00:02:34] why there's so much information about Paraguay saying
[00:02:38] Peña is leaving, Peña is leaving, Peña has to resign. Well, that's what's
[00:02:41] happening. The bank is called
[00:02:43] ammunition from
[00:02:43] Uruguay in the War of Ueno Bank, not "bueno," it's
[00:02:46] Ueno Bank, Ueno Bank. The Central
[00:02:49] Bank of Paraguay detected a drop in solvency, it says no,
[00:02:53] you don't have liquidity. And
[00:02:56] even soccer players, I mean, even the union
[00:03:00] of soccer players from Paraguay are gathering,
[00:03:03] uniting to file a joint lawsuit, because
[00:03:07] that bank is also a sponsor
[00:03:10] defrauded people and people with of the Paraguayan national soccer team. And while those
[00:03:12] players are doing their job playing in clubs
[00:03:18] pensions of abroad, their savings were in that bank. This is a scandal, so let's
[00:03:22] window that we open every morning first look at the portals, then we'll go to the correspondent and we'll also
[00:03:25] take the time to talk extensively with the correspondent and see
[00:03:28] in full what is happening. Who gave
[00:03:31] the reading of the financial corralito, and sadly we are
[00:03:35] famous for it, that's why we talk about Argentina.
[00:03:38] So when you see "corralito," it means there's a bank where there's money and they
[00:03:42] tell you you can't touch anything, you can't take any of your own
[00:03:46] money. Telesur shows you: the president of the
[00:03:49] BCEP resigns after the collapse of and intervention of Ueno Bank
[00:03:53] in Paraguay. This crisis affected everyone, including public social
[00:03:56] security funds. It ended with the arrest of eight bank
[00:04:00] executives. The monetary authority activated the deposit guarantee fund
[00:04:04] which covers up to 75 minimum wages, approximately
[00:04:08] $38,600, to reduce the impact on
[00:04:11] savers. What will they do with that money? They also announced, no
[00:04:15] it's not enough, they also announced a first emergency disbursement of up to
[00:04:18] $1,675 in the short term. In Argentina,
[00:04:22] it was if you deposited dollars, we won't return the dollars, you will never
[00:04:26] have the banknote in your hand. What they did was a payment
[00:04:30] plan to get your own money, but returned in
[00:04:33] local currency, completely devalued. Caras y Caretas
[00:04:37] shows you: banking crisis in Paraguay, bank closure leaves millions of
[00:04:41] customers without money. According to the central bank, the measure
[00:04:44] seeks to address the problem in an orderly manner, protect
[00:04:48] depositors, and preserve
[00:04:51] stability. All good intentions, but so far no one
[00:04:54] knows how it will be done.
[00:04:56] film series will be Ecos, Paraguay is going through a financial and political crisis.
[00:05:00] Ueno Bank calls for impeachment against Santiago Peña. The
[00:05:04] intervention of the bank, the arrests of the
[00:05:07] executives, the criticism for the management of public funds
[00:05:11] unleashes a real crisis in Paraguay.
[00:05:14] The opposition is already pushing for impeachment against President
[00:05:18] Santiago Peña while concern grows for
[00:05:22] savings, pension
[00:05:24] resources, and the stability of the financial system.
[00:05:45] Osvaldo Sayas immediately with us, our correspondent in the South
[00:05:49] American nation. How are you, good morning? I imagine the
[00:05:52] concern, the number of inquiries, and the headlines
[00:05:55] of the media, Osvaldo, how are you?
[00:05:59] Greetings, Marcela, to you, to all the Telesur audience in Latin America
[00:06:03] and the world. To get a sense of the problem,
[00:06:06] let's look at Ueno Bank, which has 3 million, had 3 million clients,
[00:06:10] and Paraguay doesn't reach 7 million inhabitants. In addition,
[00:06:13] there is a pension institution in the country that
[00:06:17] offers retirement insurance and health insurance to all formal
[00:06:20] private sector workers. I'm talking about the Social Security
[00:06:24] Institute. There are one million workers who
[00:06:28] have their pension funds, their retirement funds,
[00:06:31] placed in Ueno Bank. 348.5
[00:06:35] million dollars of the money of the contributors to the
[00:06:38] IPS that were lost with the
[00:06:43] closure of Ueno Bank. So the uncertainty, as you can
[00:06:47] imagine, is enormous. It's difficult
[00:06:49] to quantify what Ueno Bank represented in recent
[00:06:53] years since it entered the market with Santiago Peña's
[00:06:57] government. Practically everything in Paraguay was sponsored by Ueno
[00:07:00] Bank: the World Rally, the national soccer team, practically
[00:07:04] all the soccer stadiums in the country, the big ones carry
[00:07:08] the Ueno name followed by the
[00:07:12] name of the stadium itself. All the big clubs were sponsored
[00:07:15] by this bank. Warnings had emerged much
[00:07:19] earlier, because the bank was concentrating a greater
[00:07:22] amount of public funds from the Paraguayan state, both from the
[00:07:26] IPS and from entities such as Itaitud Nacional and the
[00:07:29] Treasury of the Republic itself. About 900 million
[00:07:33] dollars from the Paraguayan state went to Ueno
[00:07:36] Bank. And what is it, what triggered the
[00:07:39] scandal, is that until April 2025, Santiago
[00:07:43] Peña Palacio, the President of the Republic, was still
[00:07:45] a shareholder of a related company called
[00:07:49] Ueno Holding, that is, the CEO of
[00:07:52] Ueno Bank, Miguel Vázquez, as well as the other shareholders
[00:07:56] were partners of Santiago Peña. That's why this
[00:07:59] political scandal and that's why this crisis
[00:08:02] that announces impeachment for Santiago Peña, but which still does
[00:08:06] not have a concrete situation because the president had until
[00:08:10] recently or still has the support of the majority of
[00:08:13] the legislators of the governing party, which is the conservative
[00:08:17] Colorado Party. So on one hand we have millions of
[00:08:22] their money deposited there, the same money of all the workers who
[00:08:26] have ever contributed to the Social Security Institute, the
[00:08:30] people who already receive their benefits are also
[00:08:34] at risk. This is the situation that is being experienced
[00:08:37] in Paraguay and it is what Ueno Bank generates,
[00:08:41] how it was born. It was born with the government of Santiago Peña,
[00:08:44] it coincides with his arrival to power and became the
[00:08:48] main holder of public goods, it was a
[00:08:51] privileged player within the financial market here
[00:08:55] in Paraguay. The banking association itself had already
[00:08:58] issued warnings about this situation. Until one
[00:09:01] day before the closure of Ueno and its intervention,
[00:09:05] the media visited by this business group treated those who
[00:09:08] warned about this situation as financial terrorists.
[00:09:12] and about the imminent closure due to the lack of solvency of this
[00:09:16] financial entity. This is the general panorama we have
[00:09:31] with us, he is our guest, an economist, a professor at the
[00:09:34] Getulio Vargas Foundation in Brazil. How are you, good
[00:09:38] morning?
[00:09:40] Thank you very much, Marcela, good morning. I am at your service,
[00:09:44] thank you. We are going to talk about this phenomenon,
[00:09:47] it was 2023, this is very recent, November
[00:09:51] 2023, and with an aggressive digital
[00:09:54] strategy, this bank came to light,
[00:09:57] it banked, to use the technical term, 3
[00:10:01] million people, 1.5 million of them are retirees, our
[00:10:04] correspondent told us. And look at the
[00:10:07] panorama we have today, this is a repetitive strategy every
[00:10:11] time there are episodes of
[00:10:13] corruption,
[00:10:17] yes, Paraguay is a model of
[00:10:19] crony capitalism, crony
[00:10:21] capitalism,
[00:10:24] where... the Colorado Party, which is the governing
[00:10:27] party, has turned politics into the main
[00:10:31] private for-profit activity in Paraguay, right? In the
[00:10:34] Paraguayan market, the private
[00:10:37] activity that obtains resources or
[00:10:41] benefits or profits, even above the annual
[00:10:44] profits of the entire financial system, is politics. It is
[00:10:48] estimated that 2 million dollars in waste,
[00:10:52] theft, corruption exist in the Paraguayan state, millions of
[00:10:55] dollars in a government period. That's why the Colorados, when
[00:10:59] they have power or internal disputes, are
[00:11:03] each other. Here, this country, this Paraguayan democracy, already
[00:11:07] killed its vice president,
[00:11:10] Mr. Argaña, and there are permanently deaths,
[00:11:14] but real deaths. Now there is a
[00:11:16] necropolitics issue,
[00:11:20] they are killing people who are currently without
[00:11:24] medicine, without money for
[00:11:27] food, for lunch,
[00:11:30] and it is due to four pillars that
[00:11:33] allowed this bank, from
[00:11:37] power, related to Mr. Peña, who was a shareholder until last
[00:11:40] year, to have such
[00:11:44] a great impact. Firstly, they were
[00:11:46] funded with public and pension
[00:11:49] money, almost 860, nearly 900 million
[00:11:53] dollars. It was by
[00:11:56] superior order, resources, even
[00:12:00] from the national treasury, went to Bueno with limited
[00:12:03] solvency. The second pillar, those
[00:12:07] funds and the funds of atomized, fragmented
[00:12:11] savers, these
[00:12:14] went to acquire companies, to acquire
[00:12:17] equity, shares of related companies and/or
[00:12:21] for credit funding of said related company where they themselves were the
[00:12:25] owners, above the limits set by the regulations,
[00:12:28] it is worth noting. On the
[00:12:32] other hand, they had exceptions to absorb banks,
[00:12:34] they opened a minor bank and
[00:12:38] that bank was absorbed or a larger bank that had
[00:12:41] problems, but with an exception to defer accumulated losses
[00:12:45] in its balance sheets over 20 years, something that no one
[00:12:48] could according to the changed norms,
[00:12:51] and in fourth place, a powerful political lobby.
[00:12:55] that this went above all
[00:12:59] the laws in Paraguay, since 1870, it's not
[00:13:03] new, when Paraguay was defeated by Argentina, Brazil, and
[00:13:08] the Triple Alliance, the norms have been
[00:13:11] replaced by the
[00:13:14] relationship of personal loyalty and citizenship
[00:13:17] has been replaced by
[00:13:20] clientelism, and the change is not a technical issue of the
[00:13:23] financial market. It is a political issue,
[00:13:27] they have to be defeated in the elections by the
[00:13:31] opposition, and we will see how they behave in 2028,
[00:13:34] only alternation saves Paraguay, there is no technical
[00:13:37] issue, I am an economist, they ask me how we can technically
[00:13:41] improve, absolutely impossible.
[00:13:44] Besides, there is something worse, 350 million
[00:13:47] dollars, this bank
[00:13:50] issued private bonds in the US market,
[00:13:54] I want to see what will happen, the first
[00:13:57] economist and Telesur is the first television, because I was
[00:14:00] looking at the numbers now, nobody, no analyst in Paraguay or in any Paraguayan
[00:14:04] television yet, now I'm going to talk to Argentine
[00:14:07] television, now just now, this is a scoop, I just
[00:14:11] looked, 350 million dollars in bonds issued with
[00:14:15] institutional investors or US family
[00:14:18] offices, I want to see, that will be
[00:14:21] decided in the courts, probably,
[00:14:25] US officials, I want to see what will happen now with
[00:14:28] the friends of
[00:14:31] Trump who, with the shield of the
[00:14:34] Americas, a fictitious
[00:14:37] issue, a great lie,
[00:14:41] they put Peña, a great incompetent, into that
[00:14:44] lie, into that narrative fallacy, and invested
[00:14:48] in the president's bank, in that
[00:14:51] Milei model that sells Trump's cryptocurrencies.
[00:14:54] that sells cryptocurrencies and Mr.
[00:14:57] Peña, president of Paraguay, who sells
[00:15:00] fictitious papers, that's the reality.
[00:15:04] Thank you very much, look Victor, the amount of information he
[00:15:08] provides. We're preparing for another topic, we still want a little more from
[00:15:11] Paraguay, but the analysis will continue in other news
[00:15:15] segments of
[00:15:16] Telesur.
[00:15:44] 162 published in the Official Gazette this Tuesday,
[00:15:47] Cuba extends to budgeted units the possibility
[00:15:51] of contracting workers from the same entity to carry out maintenance
[00:15:55] activities and other services. The norm modifies
[00:15:58] decree 127 which regulates the functioning of budgeted
[00:16:02] institutions and allows the contracting of construction
[00:16:05] maintenance services, gardening, cleaning,
[00:16:09] and other similar services outside of the employees' working hours. Let's
[00:16:13] hear how the specialists
[00:16:14] explain it.
[00:16:18] That is, how many workers could access
[00:16:21] or could be
[00:16:24] with the created skills to
[00:16:27] be able to apply to carry out that
[00:16:31] activity or that or that or that task or
[00:16:34] that maintenance work.
[00:16:37] How many could be there and that and that contracting committee has to
[00:16:41] make the best decision also adjusted to the
[00:16:45] interests of the employee. Firstly, solutions are given
[00:16:49] by the workers themselves with
[00:16:51] compared to outsourced services, and
[00:16:55] that, of course, favors the budget of the institution that applies
[00:16:58] it and also contributes in some measure to the
[00:17:02] retention of the workforce. Workers who possess the
[00:17:05] knowledge and skills to carry out the activities for which
[00:17:09] this type of transformation is intended
[00:17:13] are directly benefited. I also informed you that Cuba participated
[00:17:16] in the World Green Trade Conference forum in Shanghai, dedicated this
[00:17:20] time to the sustainable future of
[00:17:23] artificial intelligence. The Cuban delegation
[00:17:26] presented the use of renewable energy sources and our country's
[00:17:29] commitment to
[00:17:33] biopharmaceutical industry. The president of the business group,
[00:17:38] Maida Mauri Pérez, highlighted the potential of changing the energy
[00:17:42] matrix for the production of medicines in the Caribbean nation,
[00:17:45] which is significantly impacted by the fuel
[00:17:48] blockade by the United States. In the same
[00:17:52] context, Bio Cubafarma and the World Federation of Free Trade Zones
[00:17:56] signed a memorandum of understanding for cooperation
[00:17:58] in the energy transition and strengthening through
[00:18:02] artificial intelligence based on the principle of
[00:18:05] complementarity
[00:18:07] of advantages and mutual benefit. We advance
[00:18:11] regarding the results evidenced by the midterm elections in the United
[00:18:15] States this November 3rd, Cuban expert
[00:18:18] Luis René Fernández Tabío described Donald Trump's
[00:18:22] political management as extremely
[00:18:24] erratic. The conduct of Donald
[00:18:28] Trump's policy has been extremely
[00:18:32] erratic, any observer recognizes,
[00:18:35] even people who don't have to dedicate
[00:18:38] their time to this, that it is
[00:18:42] erratic. In the same intervention he says one thing and a little
[00:18:45] later he says another, he appears
[00:18:48] saying that a civilization will disappear, it is something that
[00:18:52] everyone is surprised by, and on the other
[00:18:54] hand then he says that
[00:18:58] the problem has already been solved and that the Iranian
[00:19:02] army has already been routed, and the next day
[00:19:06] then there is a shower of rockets falling
[00:19:09] on US military bases that were supposedly already eliminated
[00:19:13] and other similar things with
[00:19:16] other countries, the same in the
[00:19:19] war in Ukraine
[00:19:22] with Russia or with
[00:19:25] China.
[00:19:28] The Cuban professor and researcher stated that for the first time, US
[00:19:32] generations, instead of aspiring to a higher standard
[00:19:35] of living, are facing the opposite, which is why
[00:19:39] they expressed themselves as they did at the polls this
[00:19:43] Tuesday.
[00:19:46] For the first time, generations in the United States, instead of
[00:19:49] aspiring to have a higher standard of living, it's quite
[00:19:53] the opposite, it's the other way around, they have to work
[00:19:57] more to have the bare necessities. So
[00:20:01] the levels of poverty, of
[00:20:05] inequality, the enrichment of these figures who
[00:20:08] are in charge and in control of all these large
[00:20:12] corporations is something truly
[00:20:15] overwhelming. And on the other hand, this majority of those
[00:20:19] voters, whether Hispanic, who
[00:20:22] in 2024 were an important support,
[00:20:26] now they have not been, evidently, contribute to
[00:20:29] that. Fernández Tabío affirmed that the
[00:20:33] political reconfiguration in the United States will be defined
[00:20:37] by internal problems and not by its foreign
[00:20:40] policy.
[00:20:43] After these two years, and from
[00:20:47] here, what can be outlined in this...
[00:20:51] political reconfiguration of the United States with
[00:20:54] implications beyond
[00:20:57] the situation in Latin America, beyond the
[00:21:01] internal situation, which of course is what interests us most,
[00:21:04] but which is not what at
[00:21:08] the moment immediately motivates, incentivizes
[00:21:11] US voters, which have always been the problems of
[00:21:17] have been affected
[00:21:20] by foreign policy actions of this
[00:21:23] administration.
[00:21:26] I also inform you that President Miguel de Azcanel Bermúdez attended another
[00:21:30] broadcast of the radio program "Shared
[00:21:33] Criterion" this Wednesday. On this occasion, the situation with
[00:21:37] water supply in Cuba was addressed, taking into account the
[00:21:42] lack of service and the dependence on water
[00:21:45] tankers that distribute the liquid to certain
[00:21:48] sectors. There we are seeing reactions on digital networks, for
[00:21:52] example on X, Yozaima Cardona publishes, 30 cases
[00:21:56] have been attended to out of those that have arrived as a
[00:21:59] concern to the "Shared Criterion" program, which in its fourth
[00:22:03] broadcast is dedicated to the topic of water. The importance
[00:22:06] of communication, timely responses to the population,
[00:22:09] and attention to citizen alerts are emphasized. He
[00:22:12] also quotes President Díazcanel's words on
[00:22:15] this topic, open quotes, "Regarding the manipulation of valves
[00:22:19] that are opportunistically handled
[00:22:21] unscrupulously and favor certain
[00:22:24] sectors, a community offensive is required, an
[00:22:28] action by the responsible institutions to
[00:22:31] reverse the situation," words of President Miguel Díaz Canel
[00:22:35] Bermúdez in today's broadcast of the radio program,
[00:22:39] Shared Criterion.
[00:24:05] baseball 5, my dear Marcela, with this very good news,
[00:24:08] we will close the news