Tags: Trump Impeachment | impeachment | IMF | WorldBank | Staikouras | Greece

Foreign Countries Not Impacted By Impeachment, But Watching With Interest

imf representatives sit in a circle at a conference
Members of the International Monetary and Financial Committee (IMFC) during the meeting, at the World Bank/IMF Annual Meetings in Washington, Saturday, Oct. 19, 2019. (AP Photo/Jose Luis Magana)

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Sunday, 20 October 2019 07:42 AM Current | Bio | Archive

The effort of Democrats to impeach President Trump is attracting considerable interest in numerous foreign countries, as Newsmax discovered during the 40th Annual IMF/World Bank Meetings in Washington DC October 14-20.

But with few exceptions, the ongoing impeachment saga being played out in Washington is not having much of an impact on the economies of the 189 member-countries of the International Monetary Fund (IMF).

“I’m a student of American politics and, yes, I am getting information on the impeachment developments by the hour,” Dutch Finance Minister Wopke Hoekstra told Newsmax on Saturday.

Hoekstra, however, made it clear that these developments are having no impact on the economy of the Netherlands.

Hoekstra’s view was echoed by Greek Finance Minister Christos Staikouras, considered one of the stars among European finance ministers since he assumed office following the election of the New Democracy (conservative) Party in Greece early this year.

Asked by Newsmax whether the American impeachment saga is having any economic impact on Greece, Staikouras replied without hesitation: “No not at all.  Look, we’ve only been in office a few months but we’re already moving forward with major reforms.”

Political developments abroad would not affect the agenda Greece is now pursuing, Staikouras emphasized.

“In Austria, we’re watching the impeachment proceedings in America with interest, but not worried about them,” said Veronika Rief, owner of a Vienna-based international financial communications company.

Rief explained that Europeans are “excited” watching the developments around President Trump in part because “it’s so different from how we do these things in Europe.  If there is a scandal in parliamentary system, as there was in Austria earlier this year, then we simply have new elections, as we just did in Austria.”

One exception to the general attitude toward impeachment by the rest of the world was voiced to us by Argentina.

“Anything that causes political upheaval in the U.S. means global uncertainty,” said an official of the Argentine Finance Ministry who requested anonymity, “We depend on the U.S. support for a lot of things, including our membership in the IMF.  So, yes, we’re concerned about what happens with the impeachment.”

John Gizzi is chief political columnist and White House correspondent for Newsmax. For more of his reports, Go Here Now.
 

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The effort of Democrats to impeach President Trump is attracting considerable interest in numerous foreign countries, as Newsmax discovered during the 40th Annual IMF/World Bank Meetings in Washington DC October 14-20...
impeachment, IMF, WorldBank, Staikouras, Greece
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2019-42-20
Sunday, 20 October 2019 07:42 AM
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