Holding power to account: How a banking scandal toppled Paraguay’s president

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  Craft matters.

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  In small ways, like how a coffee is brewed.

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  And in not-so-small ways, like how your money is cared for.

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  Which is why for 160 years, UBS has elevated banking to a craft.

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  You're listening to The Globalist, first broadcast on the 12th of November, 2026 on Monocle Radio.

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  The Globalist, in association with UBS.

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  Live from London, this is The Globalist with me, Emma Nelson.

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  A very warm welcome to today's programme.

• 01:13

  Coming up, how can a bank's collapse bring down an entire nation?

• 01:17

  Paraguay's former president faces up to 15 years in jail for his connections to the country's Ueno Bank.

• 01:23

  We'll ask why things have spiralled so quickly out of control.

• 01:27

  Also ahead in the next 60 minutes.

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