Peru President Ousted in Surprise Impeachment Vote
- Head of congress to take over as interim president on Tuesday
- Dollar-bond yields rise as political risk premium widens
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Peru’s President Martin Vizcarra was forced out of office when congress unexpectedly voted to impeach him, plunging the nation into political crisis as it recovers from one of the world’s deepest economic slumps.
Legislators voted 105-19 in favor of removing the president over corruption allegations, a larger-than-expected tally that surprised observers in the politically volatile country. Vizcarra said in a national address that he won’t challenge the decision through legal channels, and will leave the presidential palace on Monday night.