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Dáil
‹ An tOrd Gnó - Order of Business

Central Bank and Israeli bonds

Summary

Deputy Hearne urges the Taoiseach to stop the Central Bank facilitating Israeli bond sales. The Taoiseach rejects Sinn Féin’s legislation as unworkable and says EU-level action, particularly review of the association agreement, is more effective.

As the Taoiseach knows, a genocide is ongoing in Gaza now. The Central Bank of Ireland is facilitating the sale of Israeli bonds. I repeat that the Central Bank of Ireland is facilitating the sale of bonds funding genocide. Deputy Micheál Martin is the Taoiseach and leader of this country. Will he intervene with the Central Bank immediately, speak to the Governor and ask him to immediately stop Ireland facilitating the funding of genocide? It is straightforward. It is an action we can take. It is something we can be a leader on. It is real action and Israel will feel it. Can the Taoiseach imagine if we think back to the Second World War and the Central Bank of Ireland was then facilitating the funding of the Nazi regime? What would he have done then? I think that should guide his action now.

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Verona Murphy An Ceann Comhairle Independent

I thank the Deputy. I call the Taoiseach to respond.

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I am asking the Taoiseach to please intervene and stop the Central Bank facilitating the sale of Israeli bonds.

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First, the legislation tabled by Sinn Féin is simply unworkable. It has been written in a manner that in no shape or form could ever be made workable. The Minister for Finance, Deputy Donohoe, has a very clear view on this in terms of its workability. It does not oppose any crime in Israel. It does not focus on Israel at all, but on individuals, who five, ten or 15 years ago could have engaged in purchasing financial products, or whatever, connected to Israel. No matter when they were bought, the Bill would make it illegal. There are, therefore, major issues with the legislation in terms of its workability, its legality, essentially-----

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Will the Taoiseach intervene then in other ways?

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Verona Murphy An Ceann Comhairle Independent

Deputy, please. I thank the Taoiseach. I call Deputy Marie Sherlock.

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We will continue to intervene in other ways.

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The big focus we have now is on the EU-Israel association agreement.

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Verona Murphy An Ceann Comhairle Independent

I thank the Taoiseach.

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Intervention at the European Union level has far greater influence, if we can get an EU response of this kind.

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