The official decision is to strip Lugo of the Presidency, rather than have him resign as implied in the title of this post. This has already happened so in mere minutes from now Paraguay's Veep Federico Franco will be sworn in as interim President. UNASUR has already declared it will not recognize this impeachment nor the new President or his administration.
UPDATE: There are reportedly disturbances in the streets outsde the Paraguayn Congress where thousands of pro-Lugo protesters had gathered before the vote was announced.
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