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

This is critically important. I raised it in the Chamber yesterday but was unable to get an answer from the Minister of State, Deputy McEntee. I want to use this opportunity given that I have a vice president of the EIB here to ask the question and get a detailed response. I respect that it is slightly outside budgetary oversight, but it is related. If the EIB lends to the defence and armaments industries, would it restrict the capital that might be available for the other projects? We do not have a big defence armaments industry here. Would it have an effect on the EIB's own balance sheet in terms of what its lending capacity will be in other areas? I would appreciate it if Mr. McDowell could give me details from the EIB side on what is on the public record from the Taoiseach on the European Council decision.

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