Dáil debates

Thursday, 3 April 2025

Ceisteanna Eile - Other Questions

Financial Instruments

3:00 am

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

It is not a question of language. The Minister might find it offensive for it to be said that he is complicit in genocide but it is the truth. He says he condemns what is happening in Israel. That is good but then the Central Bank is allowing this to happen. It is helping it to be financed. That is a fact. We can see the way these bonds are advertised online as facilitating its "war" in Gaza but then the Minister is saying it is fine. Even if what he is saying is correct in terms of the legal framework of the Central Bank, he can change that legal framework. He has not made the case that he legally cannot.

The OPLA advice concludes:

A PMB can provide for restricted access to its financial services on the basis of public policy grounds that are rooted in the Ireland’s fundamental interest in pursuing its international law obligations. As noted by the ICJ in its Namibia judgment: "The qualification of a situation as illegal does not by itself put an end to it. It can only be the first, necessary step in an endeavour to bring the illegal situation to an end."

The Minister has a legal obligation to do everything he can to stop the genocide and he is not currently doing it.

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