Oireachtas Joint and Select Committees
Thursday, 29 June 2017
Committee on Budgetary Oversight
Capital Investment: European Investment Bank
10:00 am
Eamon 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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