Page 89 - Villeta News Today

Paraguay's President-elect Santiago Pena, a clean-cut former central bank director, will need all his wits and cool to steer the South American nation through economic headwinds hurting voters and rising pressure from farmers to cut ties with Taiwan. The former International Monetary Fund (IMF) economist, who was hand-picked by the powerful head of the country's dominant political force, the conservative Colorado Party, scored a strong victory in presidential elections on Sunday.

Quick to smile and described as affable, Paraguay's new President Santiago Pena, 44, is the fresh face of an old institution -- the conservative Colorado Party that has ruled the South American country…

Breaking News, Sports, Manitoba, Canada

Paraguay ruling party candidate Santiago Pena, who has said he would maintain ties with Taiwan, won the country's presidential election Sunday, local media reported, at a time some Latin American nations have severed ties with the self-ruled island to gain access to the much larger Chinese market.

Quick to smile and described as affable, Paraguay's new President Santiago Pena, 44, is the fresh face of an old institution -- the conservative Colorado Party that has ruled the South American country…

Breaking News, Sports, Manitoba, Canada

Paraguays Santiago Pena: Fresh face of institutional power

ASUNCION (Reuters) - Paraguay's President-elect Santiago Pena, a clean-cut former central bank director, will need all his wits and cool to steer the South American nation through economic headwinds hurting voters and rising pressure from farmers to cut ties with Taiwan. | 08:52pm

The Colorado Party has governed Paraguay almost uninterrupted since 1947 and the landlocked nation has been practically immune to the political change that has swept the region

Paraguayan conservative economist Santiago Pena, has won the country's presidential election, tightening the ruling Colorado Party's political grip...