2. Deputy Cian O'Callaghan asked the Tánaiste and Minister for Finance the steps he is taking to ensure that the Central Bank is acting in accordance with international law in relation to its role as the home state for the Israeli bond programme; and if he will make a statement on the matter. [48495/26]

Sentiment score: 0.13

Israel is still issuing war bonds across the EU and using the money to fund the genocide. While the role of approving these bonds has been moved to Luxembourg, Ireland remains the home member state for Israeli bonds. I am asking what steps the Minister is taking to ensure the Central Bank is acting in accordance with international law regarding its role as home member state for the Israeli bonds.

Sentiment score: -0.07

I welcome any engagement the Minister has with the EU Commission on this but there are actions the Irish Government can take. It was very clear when the Central Bank officials were before the Oireachtas finance committee about a year ago that the bank was saying it would comply if there were any domestic law or instruction on this. Indeed, in the Minister's reply he spoke about the Central Bank following its legal obligations. The key is that there are no national restrictive measures put in place by the Irish Government when it comes to this, and the Government could be doing that. Article 65.1(b) of the Treaty on the Functioning of the European Union allows restrictions on grounds of public policy or public security. Clearly, there are public policy grounds here. The Irish Government has made its position clear in terms of recognising the State of Palestine, the submissions to the International Court of Justice and calling for EU action. There is the ability for the Government to act and put legal restrictive measures in place on public policy grounds, and then the Central Bank would follow those. It is welcome that the Minister is engaging with the EU Commission, but who knows if anything concrete will ever actually come out of that? I am asking whether the Minister will take on board the measures called for by the Oireachtas joint committee for the Government to take action on restrictive grounds.

Sentiment score: 0.30

I support any engagement the Minister is having with the EU Commission on this. However, we have independent advice from the Office of Parliamentary Legal Advisers that Ireland could indeed take action to restrict Israeli bonds. It concludes that there is a case for unilateral Irish action on this if it is framed on public policy grounds. I have given the Minister the reasons it could be framed on such grounds, and I have also cited the relevant article of the Treaty on the Functioning of the European Union. The Minister has options on this beyond EU-level engagement. It would be great if something positive came out of that, but he knows well that it may not because achieving consensus at European level is very difficult. The Government has options to take domestic restrictive measures that would mean the Central Bank would then have a legal basis for taking restrictive measures regarding the Israeli war bonds. Will the Minister take these? It is imperative that the Government act owing to the ongoing killing of Palestinian people in Gaza, and also in the West Bank. Will the Minister do that?

Sentiment score: 0.01

The Deputy did not call for a vote on that amendment.

Sentiment score: 0.00

On amendment No. 1, there was not.

Sentiment score: -0.15