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

Ms Helen Mahony:

Absolutely. The bonds would not be sold in Europe without the authorisation from the Central Bank. It is the enabling cog in Israel's fundraising machine in Europe. There is an obligation to have that stopped immediately. The Governor of the Central Bank could suspend those bonds tomorrow. The Minister for Finance could direct the Central Bank to suspend those bonds tomorrow. We should then have legislation to back that up to ensure it never happens again. Let us remember that something like €9 million per day has been raised, if we average out the figures we have over the 16-month period. Money is going every single day to fund the genocide in Gaza. This is an urgent matter. It really needs to be revisited by the Parliament and we need to end the sale of the Israel bonds immediately.

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