Oireachtas Joint and Select Committees

Wednesday, 18 June 2025

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach

Israeli Bond Programme: Discussion (Resumed)

2:00 am

Photo of Shay BrennanShay Brennan (Dublin Rathdown, Fianna Fail)

I fully agree. They cannot be sold without the certification. However, I would like it on record that we are not actually funding them. I take everything else the witness said.

Ms Mahony made reference to the Minster for Finance's ability to advise the Central Bank. Does Ms Mahony agree the Minister has absolutely no power or right under Irish or EU law to instruct the Central Bank to act in any way? Does she appreciate the principle and necessity of monetary policy independence and the consequences for breaching this?

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