Oireachtas Joint and Select Committees

Thursday, 29 June 2017

Committee on Budgetary Oversight

Capital Investment: European Investment Bank

10:00 am

Photo of Eamon RyanEamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

I have a last question. In his report on the European Council yesterday, the Taoiseach said there was an agreement on security co-operation at the Council to ask the EIB to consider changing its charter to allow it to lend to the armaments industry. I am summarising what was in his report yesterday. I am interpreting correctly that a change in the EIB charter is required? Is it the charter or is there another statutory change required to allow the EIB to lend to the armaments and defence industries? A related question is how much the EIB raises from ethical funds by way of bonds which might be called into question if it was seen to be a lender to defence industries. A third related question-----

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