Alejo Garcia becomes the first European to set foot on Paraguay.
Treaty of Madrid, between Spain and Portuagal gives Brazil the Jesuit missions previously under Paraguayean protection.
Paraguay's Declaration of Independance is announced on May 15.
Paraguay is defeated in the war of the Triple Alliance, losing more than half it's population and sufffering six years of occupation by Argentina and Brazil.
Juan Carlos Wasmoy becomes the first civilian elected president of Paraguay under the new constitution.
Raul Cubas tries to pardon Oviedo provoking a constitutional crisis; Vice President Luis Maria Agana, a critic of Cubas and Oviedo is assasinated.
Paraguayan and U.S. authorities crack down on alleged Muslim terrorist cells operating along a tri-border region.
Luis Gonzalez Macchi is convicted of banking violations and sentenced to six years in jail.
Fernando Lugo is elected president, ending over 60 years of Colorado Party rule.
Mercosur member- states, sign a free Trade Agreement with Israel.