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:
The issue is really simple. The Central Bank of Ireland has the ability to end the sale of Israel Bonds in Europe right now by withdrawing authorisation. That is possible within the terms of the EU prospectus by invoking the Genocide Convention. It is possible within the narrow terms of the prospectus regulation by recognising that the information it has got is incomplete and does not take account of section 88. There is no question about it. The Central Bank could do it tomorrow. It has refused. We have been arguing and demonstrating. The whole of this country is calling for the end of the sale of Israel Bonds under the authority of the Central Bank and the Central Bank is not listening. That is a political problem. The other part of the problem is that the Minister for Finance is playing smoke and mirrors with responsibility and hiding behind the so-called independence of the Central Bank. The Government has to tell the Central Bank to stop funding genocide. It is really straightforward. It is not complicated. It can be done and it should be done immediately.
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