Results 141-160 of 35,959 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: I understand. The Central Bank is facilitating war bonds. There are babies being ripped apart as a result of the money that is being generated as a result of the Central Bank facilitating them. I understand Mr. Cross does not want to say that but that is exactly what the prospectus regulation does. It facilitates access to European markets and the Central Bank is the only central bank in...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: How often are the fees received? Are they paid once?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: The Governor mentioned that the Central Bank cannot impose sanctions against Israel, for example, by refusing to approve the Israeli bond prospectus in circumstances where the EU has not imposed any such sanctions. Why has he changed his tune? He wrote to this committee and said it could be "either EU financial sanctions or [number two] national restrictive measures to the same effect". Is...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: That is not what the Governor said. That is not what he said. He came into this committee and said the Central Bank cannot impose sanctions on Israel and went on to say "in circumstances where the EU has not imposed any such sanctions itself". Is that not a false statement?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: Can I put it to the Governor, if there were national restrictive measures without the EU imposing sanctions itself, could the Central Bank then impose sanctions on Israel?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: Therefore, yes. Therefore, this statement is not true. This annoys me.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: It is not true. The Governor is saying the Central Bank cannot do this in circumstances where the EU has not imposed any such sanctions itself. Now the Governor is telling me the Central Bank can do this where the EU has not imposed sanctions if there are national restrictive measures.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: Consistent with EU law. That is fine, but the EU does not have to have sanctions so that statement is not true. That is deeply regrettable here because I can see the dance that is played out here between the Government and the Central Bank. I know and respect the independence of the Central Bank but the Governor gave us a different version. He told us exactly what was required and he...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: That is fair enough, but Mr. Makhlouf has clarified it now and is very clear that there are either EU sanctions, which is what has happened in the case of Russia, or national restrictive measures here. The Central Bank has made the point that national restrictive measures are another way that can allow it to stop the approval of a prospectus that is facilitating the sale of Israeli war...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: So member states can and have in the past - is that not the case - invoked that exemption under Article 63 to restrict the flow of capital measures even though it is a shared competence with the European Union. Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: There was Greece, for example, during the financial crisis.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: I am not suggesting that. I am talking about European law that governs all of this.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: What Mr. Makhlouf has told this committee is that if the national Parliament invokes national restrictive measures, that will allow the Central Bank not to approve-----

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: That are consistent with EU law. The point I make is that EU law is governed by a set or articles and Article 63-----

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: I appreciate Mr. Makhlouf saying that because in an amendment that is before the House today, the Minister suggests that Article 63 does not allow us to do what we want to do.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: Mr. Makhlouf said it is not relevant. Is he suggesting that member states are not able to impose restrictions on capital in their own jurisdictions?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: Let me put it this way.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: That is fair enough.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: That is fair enough. Mr. Makhlouf put it to the committee that there are three ways to do this. First, the information in the prospectus is not accurate. Second is EU sanctions. Third, is national restrictive measures. Is it the Central Bank's view that national restrictive measures could be brought in that are compliant with EU law?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Pearse Doherty: Why would you say that? Given that-----