President's Narrow Survival Is Good News for Peru

Given the notoriously glacial pace of Latin American justice, Peruvian President Pedro Pablo Kuczynski’s fall from grace and, almost, from power was dizzying. Barely a week after being accused of lying about taking money from a tainted contractor, he was hauled before congress and narrowly escaped impeachment late Thursday -- an inquisitorial zeal that might make the old school generalissimos look slack.

Kuczynski’s survival is good news for Peru, which thanks to its sensible policies and market-friendly rules has been one of the region’s best performing economies, outpacing Brazil, Argentina and even Chile. Hence the resurgent Peruvian sol, which corkscrewed through the political storm.