Dáil debates

Thursday, 3 April 2025

Ceisteanna Eile - Other Questions

Financial Instruments

2:50 am

Photo of Paul MurphyPaul Murphy (Dublin South West, Solidarity) | Oireachtas source

Shameful. The Minister says he is not complicit and yet he is saying he will do nothing about it. The Central Bank of Ireland allows Israeli war bonds that are used to commit this genocide to be sold in the EU. The Minister repeats the excuses of the Governor of the Central Bank that its only framework is to check whether the prospectus meets the standards of completeness, comprehensibility and consistency but it does not do that. The bond prospectus withholds ethical and risk-related information. It does not mention the genocide charge at the ICJ and Israel's profiting from weaponry that is field tested in Gaza. It is not comprehensive, complete or consistent.

After backing up the Central Bank's excuse for doing nothing about it, the Minister says he will not do anything about it. Legally, he can do something about it. Does he really think it is okay for the Central Bank to facilitate the sale of these bonds? Approximately €3 billion or so have been sold since 7 October 2023. These are used to buy white phosphorous and bombs and have been used to kill 45,000 plus people, of whom 20,000 were children, in Gaza.

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