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00:00:27internal politics and which are the ones that operator for signal availability. We defend the right
00:00:31to information, we defend the voice of the people.
00:01:37Dakar and is already becoming one of
00:01:55sustainability in the
00:01:58from 14 to 17 years old.
00:02:04Amidst everything that happened in the United States, things were also happening in
00:02:08Paraguay. Nearly 3 million bank customers woke
00:02:11The team from the Greater up, already yesterday they had the
00:02:14news of a financial corralito, meaning they can't
00:02:17touch their own money. The Central Bank of Paraguay is the one
00:02:21who made this decision. They are conducting an investigation because the
00:02:25investments, the loans granted by that bank are
00:02:28directed to financial groups, to families
00:02:31related to President Peña, that's
00:02:34why there's so much information about Paraguay saying
00:02:38Peña is leaving, Peña is leaving, Peña has to resign. Well, that's what's
00:02:41happening. The bank is called
00:02:43ammunition from
00:02:43Uruguay in the War of Ueno Bank, not "bueno," it's
00:02:46Ueno Bank, Ueno Bank. The Central
00:02:49Bank of Paraguay detected a drop in solvency, it says no,
00:02:53you don't have liquidity. And
00:02:56even soccer players, I mean, even the union
00:03:00of soccer players from Paraguay are gathering,
00:03:03uniting to file a joint lawsuit, because
00:03:07that bank is also a sponsor
00:03:10defrauded people and people with of the Paraguayan national soccer team. And while those
00:03:12players are doing their job playing in clubs
00:03:18pensions of abroad, their savings were in that bank. This is a scandal, so let's
00:03:22window that we open every morning first look at the portals, then we'll go to the correspondent and we'll also
00:03:25take the time to talk extensively with the correspondent and see
00:03:28in full what is happening. Who gave
00:03:31the reading of the financial corralito, and sadly we are
00:03:35famous for it, that's why we talk about Argentina.
00:03:38So when you see "corralito," it means there's a bank where there's money and they
00:03:42tell you you can't touch anything, you can't take any of your own
00:03:46money. Telesur shows you: the president of the
00:03:49BCEP resigns after the collapse of and intervention of Ueno Bank
00:03:53in Paraguay. This crisis affected everyone, including public social
00:03:56security funds. It ended with the arrest of eight bank
00:04:00executives. The monetary authority activated the deposit guarantee fund
00:04:04which covers up to 75 minimum wages, approximately
00:04:08$38,600, to reduce the impact on
00:04:11savers. What will they do with that money? They also announced, no
00:04:15it's not enough, they also announced a first emergency disbursement of up to
00:04:18$1,675 in the short term. In Argentina,
00:04:22it was if you deposited dollars, we won't return the dollars, you will never
00:04:26have the banknote in your hand. What they did was a payment
00:04:30plan to get your own money, but returned in
00:04:33local currency, completely devalued. Caras y Caretas
00:04:37shows you: banking crisis in Paraguay, bank closure leaves millions of
00:04:41customers without money. According to the central bank, the measure
00:04:44seeks to address the problem in an orderly manner, protect
00:04:48depositors, and preserve
00:04:51stability. All good intentions, but so far no one
00:04:54knows how it will be done.
00:04:56film series will be Ecos, Paraguay is going through a financial and political crisis.
00:05:00Ueno Bank calls for impeachment against Santiago Peña. The
00:05:04intervention of the bank, the arrests of the
00:05:07executives, the criticism for the management of public funds
00:05:11unleashes a real crisis in Paraguay.
00:05:14The opposition is already pushing for impeachment against President
00:05:18Santiago Peña while concern grows for
00:05:22savings, pension
00:05:24resources, and the stability of the financial system.
00:05:45Osvaldo Sayas immediately with us, our correspondent in the South
00:05:49American nation. How are you, good morning? I imagine the
00:05:52concern, the number of inquiries, and the headlines
00:05:55of the media, Osvaldo, how are you?
00:05:59Greetings, Marcela, to you, to all the Telesur audience in Latin America
00:06:03and the world. To get a sense of the problem,
00:06:06let's look at Ueno Bank, which has 3 million, had 3 million clients,
00:06:10and Paraguay doesn't reach 7 million inhabitants. In addition,
00:06:13there is a pension institution in the country that
00:06:17offers retirement insurance and health insurance to all formal
00:06:20private sector workers. I'm talking about the Social Security
00:06:24Institute. There are one million workers who
00:06:28have their pension funds, their retirement funds,
00:06:31placed in Ueno Bank. 348.5
00:06:35million dollars of the money of the contributors to the
00:06:38IPS that were lost with the
00:06:43closure of Ueno Bank. So the uncertainty, as you can
00:06:47imagine, is enormous. It's difficult
00:06:49to quantify what Ueno Bank represented in recent
00:06:53years since it entered the market with Santiago Peña's
00:06:57government. Practically everything in Paraguay was sponsored by Ueno
00:07:00Bank: the World Rally, the national soccer team, practically
00:07:04all the soccer stadiums in the country, the big ones carry
00:07:08the Ueno name followed by the
00:07:12name of the stadium itself. All the big clubs were sponsored
00:07:15by this bank. Warnings had emerged much
00:07:19earlier, because the bank was concentrating a greater
00:07:22amount of public funds from the Paraguayan state, both from the
00:07:26IPS and from entities such as Itaitud Nacional and the
00:07:29Treasury of the Republic itself. About 900 million
00:07:33dollars from the Paraguayan state went to Ueno
00:07:36Bank. And what is it, what triggered the
00:07:39scandal, is that until April 2025, Santiago
00:07:43Peña Palacio, the President of the Republic, was still
00:07:45a shareholder of a related company called
00:07:49Ueno Holding, that is, the CEO of
00:07:52Ueno Bank, Miguel Vázquez, as well as the other shareholders
00:07:56were partners of Santiago Peña. That's why this
00:07:59political scandal and that's why this crisis
00:08:02that announces impeachment for Santiago Peña, but which still does
00:08:06not have a concrete situation because the president had until
00:08:10recently or still has the support of the majority of
00:08:13the legislators of the governing party, which is the conservative
00:08:17Colorado Party. So on one hand we have millions of
00:08:22their money deposited there, the same money of all the workers who
00:08:26have ever contributed to the Social Security Institute, the
00:08:30people who already receive their benefits are also
00:08:34at risk. This is the situation that is being experienced
00:08:37in Paraguay and it is what Ueno Bank generates,
00:08:41how it was born. It was born with the government of Santiago Peña,
00:08:44it coincides with his arrival to power and became the
00:08:48main holder of public goods, it was a
00:08:51privileged player within the financial market here
00:08:55in Paraguay. The banking association itself had already
00:08:58issued warnings about this situation. Until one
00:09:01day before the closure of Ueno and its intervention,
00:09:05the media visited by this business group treated those who
00:09:08warned about this situation as financial terrorists.
00:09:12and about the imminent closure due to the lack of solvency of this
00:09:16financial entity. This is the general panorama we have
00:09:31with us, he is our guest, an economist, a professor at the
00:09:34Getulio Vargas Foundation in Brazil. How are you, good
00:09:38morning?
00:09:40Thank you very much, Marcela, good morning. I am at your service,
00:09:44thank you. We are going to talk about this phenomenon,
00:09:47it was 2023, this is very recent, November
00:09:512023, and with an aggressive digital
00:09:54strategy, this bank came to light,
00:09:57it banked, to use the technical term, 3
00:10:01million people, 1.5 million of them are retirees, our
00:10:04correspondent told us. And look at the
00:10:07panorama we have today, this is a repetitive strategy every
00:10:11time there are episodes of
00:10:13corruption,
00:10:17yes, Paraguay is a model of
00:10:19crony capitalism, crony
00:10:21capitalism,
00:10:24where... the Colorado Party, which is the governing
00:10:27party, has turned politics into the main
00:10:31private for-profit activity in Paraguay, right? In the
00:10:34Paraguayan market, the private
00:10:37activity that obtains resources or
00:10:41benefits or profits, even above the annual
00:10:44profits of the entire financial system, is politics. It is
00:10:48estimated that 2 million dollars in waste,
00:10:52theft, corruption exist in the Paraguayan state, millions of
00:10:55dollars in a government period. That's why the Colorados, when
00:10:59they have power or internal disputes, are
00:11:03each other. Here, this country, this Paraguayan democracy, already
00:11:07killed its vice president,
00:11:10Mr. Argaña, and there are permanently deaths,
00:11:14but real deaths. Now there is a
00:11:16necropolitics issue,
00:11:20they are killing people who are currently without
00:11:24medicine, without money for
00:11:27food, for lunch,
00:11:30and it is due to four pillars that
00:11:33allowed this bank, from
00:11:37power, related to Mr. Peña, who was a shareholder until last
00:11:40year, to have such
00:11:44a great impact. Firstly, they were
00:11:46funded with public and pension
00:11:49money, almost 860, nearly 900 million
00:11:53dollars. It was by
00:11:56superior order, resources, even
00:12:00from the national treasury, went to Bueno with limited
00:12:03solvency. The second pillar, those
00:12:07funds and the funds of atomized, fragmented
00:12:11savers, these
00:12:14went to acquire companies, to acquire
00:12:17equity, shares of related companies and/or
00:12:21for credit funding of said related company where they themselves were the
00:12:25owners, above the limits set by the regulations,
00:12:28it is worth noting. On the
00:12:32other hand, they had exceptions to absorb banks,
00:12:34they opened a minor bank and
00:12:38that bank was absorbed or a larger bank that had
00:12:41problems, but with an exception to defer accumulated losses
00:12:45in its balance sheets over 20 years, something that no one
00:12:48could according to the changed norms,
00:12:51and in fourth place, a powerful political lobby.
00:12:55that this went above all
00:12:59the laws in Paraguay, since 1870, it's not
00:13:03new, when Paraguay was defeated by Argentina, Brazil, and
00:13:08the Triple Alliance, the norms have been
00:13:11replaced by the
00:13:14relationship of personal loyalty and citizenship
00:13:17has been replaced by
00:13:20clientelism, and the change is not a technical issue of the
00:13:23financial market. It is a political issue,
00:13:27they have to be defeated in the elections by the
00:13:31opposition, and we will see how they behave in 2028,
00:13:34only alternation saves Paraguay, there is no technical
00:13:37issue, I am an economist, they ask me how we can technically
00:13:41improve, absolutely impossible.
00:13:44Besides, there is something worse, 350 million
00:13:47dollars, this bank
00:13:50issued private bonds in the US market,
00:13:54I want to see what will happen, the first
00:13:57economist and Telesur is the first television, because I was
00:14:00looking at the numbers now, nobody, no analyst in Paraguay or in any Paraguayan
00:14:04television yet, now I'm going to talk to Argentine
00:14:07television, now just now, this is a scoop, I just
00:14:11looked, 350 million dollars in bonds issued with
00:14:15institutional investors or US family
00:14:18offices, I want to see, that will be
00:14:21decided in the courts, probably,
00:14:25US officials, I want to see what will happen now with
00:14:28the friends of
00:14:31Trump who, with the shield of the
00:14:34Americas, a fictitious
00:14:37issue, a great lie,
00:14:41they put Peña, a great incompetent, into that
00:14:44lie, into that narrative fallacy, and invested
00:14:48in the president's bank, in that
00:14:51Milei model that sells Trump's cryptocurrencies.
00:14:54that sells cryptocurrencies and Mr.
00:14:57Peña, president of Paraguay, who sells
00:15:00fictitious papers, that's the reality.
00:15:04Thank you very much, look Victor, the amount of information he
00:15:08provides. We're preparing for another topic, we still want a little more from
00:15:11Paraguay, but the analysis will continue in other news
00:15:15segments of
00:15:16Telesur.
00:15:44162 published in the Official Gazette this Tuesday,
00:15:47Cuba extends to budgeted units the possibility
00:15:51of contracting workers from the same entity to carry out maintenance
00:15:55activities and other services. The norm modifies
00:15:58decree 127 which regulates the functioning of budgeted
00:16:02institutions and allows the contracting of construction
00:16:05maintenance services, gardening, cleaning,
00:16:09and other similar services outside of the employees' working hours. Let's
00:16:13hear how the specialists
00:16:14explain it.
00:16:18That is, how many workers could access
00:16:21or could be
00:16:24with the created skills to
00:16:27be able to apply to carry out that
00:16:31activity or that or that or that task or
00:16:34that maintenance work.
00:16:37How many could be there and that and that contracting committee has to
00:16:41make the best decision also adjusted to the
00:16:45interests of the employee. Firstly, solutions are given
00:16:49by the workers themselves with
00:16:51compared to outsourced services, and
00:16:55that, of course, favors the budget of the institution that applies
00:16:58it and also contributes in some measure to the
00:17:02retention of the workforce. Workers who possess the
00:17:05knowledge and skills to carry out the activities for which
00:17:09this type of transformation is intended
00:17:13are directly benefited. I also informed you that Cuba participated
00:17:16in the World Green Trade Conference forum in Shanghai, dedicated this
00:17:20time to the sustainable future of
00:17:23artificial intelligence. The Cuban delegation
00:17:26presented the use of renewable energy sources and our country's
00:17:29commitment to
00:17:33biopharmaceutical industry. The president of the business group,
00:17:38Maida Mauri Pérez, highlighted the potential of changing the energy
00:17:42matrix for the production of medicines in the Caribbean nation,
00:17:45which is significantly impacted by the fuel
00:17:48blockade by the United States. In the same
00:17:52context, Bio Cubafarma and the World Federation of Free Trade Zones
00:17:56signed a memorandum of understanding for cooperation
00:17:58in the energy transition and strengthening through
00:18:02artificial intelligence based on the principle of
00:18:05complementarity
00:18:07of advantages and mutual benefit. We advance
00:18:11regarding the results evidenced by the midterm elections in the United
00:18:15States this November 3rd, Cuban expert
00:18:18Luis René Fernández Tabío described Donald Trump's
00:18:22political management as extremely
00:18:24erratic. The conduct of Donald
00:18:28Trump's policy has been extremely
00:18:32erratic, any observer recognizes,
00:18:35even people who don't have to dedicate
00:18:38their time to this, that it is
00:18:42erratic. In the same intervention he says one thing and a little
00:18:45later he says another, he appears
00:18:48saying that a civilization will disappear, it is something that
00:18:52everyone is surprised by, and on the other
00:18:54hand then he says that
00:18:58the problem has already been solved and that the Iranian
00:19:02army has already been routed, and the next day
00:19:06then there is a shower of rockets falling
00:19:09on US military bases that were supposedly already eliminated
00:19:13and other similar things with
00:19:16other countries, the same in the
00:19:19war in Ukraine
00:19:22with Russia or with
00:19:25China.
00:19:28The Cuban professor and researcher stated that for the first time, US
00:19:32generations, instead of aspiring to a higher standard
00:19:35of living, are facing the opposite, which is why
00:19:39they expressed themselves as they did at the polls this
00:19:43Tuesday.
00:19:46For the first time, generations in the United States, instead of
00:19:49aspiring to have a higher standard of living, it's quite
00:19:53the opposite, it's the other way around, they have to work
00:19:57more to have the bare necessities. So
00:20:01the levels of poverty, of
00:20:05inequality, the enrichment of these figures who
00:20:08are in charge and in control of all these large
00:20:12corporations is something truly
00:20:15overwhelming. And on the other hand, this majority of those
00:20:19voters, whether Hispanic, who
00:20:22in 2024 were an important support,
00:20:26now they have not been, evidently, contribute to
00:20:29that. Fernández Tabío affirmed that the
00:20:33political reconfiguration in the United States will be defined
00:20:37by internal problems and not by its foreign
00:20:40policy.
00:20:43After these two years, and from
00:20:47here, what can be outlined in this...
00:20:51political reconfiguration of the United States with
00:20:54implications beyond
00:20:57the situation in Latin America, beyond the
00:21:01internal situation, which of course is what interests us most,
00:21:04but which is not what at
00:21:08the moment immediately motivates, incentivizes
00:21:11US voters, which have always been the problems of
00:21:17have been affected
00:21:20by foreign policy actions of this
00:21:23administration.
00:21:26I also inform you that President Miguel de Azcanel Bermúdez attended another
00:21:30broadcast of the radio program "Shared
00:21:33Criterion" this Wednesday. On this occasion, the situation with
00:21:37water supply in Cuba was addressed, taking into account the
00:21:42lack of service and the dependence on water
00:21:45tankers that distribute the liquid to certain
00:21:48sectors. There we are seeing reactions on digital networks, for
00:21:52example on X, Yozaima Cardona publishes, 30 cases
00:21:56have been attended to out of those that have arrived as a
00:21:59concern to the "Shared Criterion" program, which in its fourth
00:22:03broadcast is dedicated to the topic of water. The importance
00:22:06of communication, timely responses to the population,
00:22:09and attention to citizen alerts are emphasized. He
00:22:12also quotes President Díazcanel's words on
00:22:15this topic, open quotes, "Regarding the manipulation of valves
00:22:19that are opportunistically handled
00:22:21unscrupulously and favor certain
00:22:24sectors, a community offensive is required, an
00:22:28action by the responsible institutions to
00:22:31reverse the situation," words of President Miguel Díaz Canel
00:22:35Bermúdez in today's broadcast of the radio program,
00:22:39Shared Criterion.
00:24:05baseball 5, my dear Marcela, with this very good news,
00:24:08we will close the news