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Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: I am talking about working-----

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: You are not dealing-----

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: You are not dealing with the question. The question is simple. Do you believe that Ireland, working at both a UN and European Union level, has done everything possible it can do? At a European level, there are only three or four other countries on board with Ireland. Does Ms Mahony accept that?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: Okay. I will move on to the issue of the Central Bank and what Ms Mahony is saying in this regard. At a meeting of this committee last week, the Governor of the Central Bank said, “For the avoidance of doubt, the Central Bank does not issue, sell, trade or list bonds". Does Ms Mahony accept that is correct?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: Look-----

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: Okay. She accepts that the Central Bank does not issue, sell, trade or list Israeli bonds.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: That clarifies that issue. Dr. Nuseibah talked about international law and breaches of international law. I am sorry for going through this in a robust way, but it is important there is a balance on this issue when it comes to the Irish Government's involvement. As I said, I have been to Gaza. I have highlighted the issue. I did 17 hours of television footage in Gaza, which anyone can...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: Hold on. You are a legal expert. You are in contact with legal experts every day of the week. Is this not an issue you have teased out with the legal experts?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: If someone decided in the morning that they wanted to go to the High Court to stop the Central Bank from approving the prospectus, is there a right of legal action in that regard?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: There are a lot of people who believe what the Central Bank is doing is wrong. Does Dr. Nuseibah believe such an action should be started at this stage?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: From an international point of view, does he believe there is a legal action against the Irish Central Bank?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: Okay. Dr. Nuseibah also gave a view regarding the Central Bank sanction. If the Central Bank does not approve the prospectus, does he accept there is nothing preventing Israel from going to another member state of the European Union for the same approval?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: In other words, the Central Bank, in real terms, is a formula that Israel has decided to use. If the Central Bank decides not to approve the prospectus the next time, which I hope it does, does he accept there is nothing preventing Israel from going to another European state, getting a comparable prospectus approved and proceeding with the raising of money?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: I fully accept that. I am just putting the question. What I am saying is that by the Central Bank not doing it, it does not stop the money being raised.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: In relation to legal responsibility, does Dr. Nuseibah accept there are European countries selling arms to Israel?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: Therefore, would those countries not be to the forefront, if any action were being taken at an international level against countries that are openly supplying arms to Israel?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: From an international point of view, and as I said, I was there in 2019, nothing has happened in those 16 years except more atrocities and more people killed. As I explained to everyone in Ireland, Gaza is 41 km long by 10 km wide with 2 million people locked in. We are talking about the International Court of Justice, action being taken by South Africa there, and a whole lot of other...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: That is because of US support. Does Dr. Nuseibah accept that from an international point of view, the action Ireland can take is very restricted because of the support Israel is getting from the US?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: It is not going to happen, as Dr. Nuseibah knows, while the United States is on board. It is likewise regarding UN control. For instance, it is now ten years since the UN gave sanction for peacekeeping troops being deployed in a whole lot of areas. I am saying that Dr. Nuseibah has to accept that while the United States is supporting Israel, no matter what Ireland does, it is very...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)

Colm Burke: Therefore, no matter what the Central Bank does, we could still have another European Union country approving the prospectus.

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