Latest news with #MairéadFarrell
The Journal
05-08-2025
- Business
- The Journal
Oireachtas Committee recommends government take action to stop the approval of Israeli bonds
THE GOVERNMENT HAS been urged by TDs and Senators to engage with the EU to amend the law so the Irish Central Bank can refuse to facilitate the sale of Israeli State bonds. The Oireachtas Finance Committee, whose membership includes government TDs and senators, published a review today on Israeli bonds , which included recommendations for both the Irish government and the Central Bank. Commenting on the publication of the review, committee chair Sinn Féin TD Mairéad Farrell said: 'The Committee is united in the position that the Central Bank of Ireland should desist insofar as is possible from the facilitation of Israeli bonds.' In recent months, the government and the Central Bank have been under mounting pressure to stop facilitating the sale of Israeli State bonds in the EU. Advertisement Under EU law, government bonds from countries outside of the EU must have their prospectus ( a legal document setting out the details of the bond) approved by the Central Bank of a country that is in the EU. In Israel's case, Ireland's Central Bank is the authority that approves the document that allows for their sale. Pro-Palestine activists in Ireland, alongside most opposition parties in the Dáil, have been pushing for the Irish Central Bank to stop facilitating the sale of Israeli State bonds because of the fact they are used to fund Israel's military operations in Gaza. Explainer: Why are pro-Palestine groups calling for Ireland to prevent the sale of Israeli 'war bonds'? The Oireachtas Finance Committee sought to find out if there is a legal avenue open to the Central Bank to refuse the approval of a prospectus. The committee made 15 recommendations following its investigation. It recommended that ahead of the Israeli bond prospectus's renewal next month that the Irish Central Bank conduct an internal review to check that the application complies with existing requirements in relation to the level of disclosure, accuracy and transparency. Related Reads Gary Gannon launches legal action against Central Bank over approval of Israeli bonds Government rejects motion calling on it to stop sale of 'Israeli war bonds' Other recommendations were: That the government engage at EU level to amend the EU Prospectus regulations to permit individual Central Banks to refuse to act as a Competent Authority. That the Irish Central Bank engage with other central banks to develop a mechanism that would allow them to refuse to process any new prospectus certification requests. That the government considers what it can do on a national level to ensure that the approval of any prospectuses complies with the International Court of Justice (ICJ) opinion in July 2024. Chair Mairéad Farrell said that as part of its review, the Central Bank should seek further information from the Israeli authorities. 'This should take into account the nature of the case taken by South Africa against Israel under the Genocide Convention and the interim findings of the ICJ in that regard, the ICJ Advisory Opinion of July 2024 in respect of the illegal situation created by Israel in the Occupied Palestinian Territories, and any other pertinent matters in respect of international law,' she said. Farrell added that the committee believes an amendment to the Prospectus Regulation to allow individual European Central Banks to refuse to act as Competent Authority is required in order to allow individual Member States to make decisions which align with their stated position and obligations under international law. 'The Committee further believes that the Central Bank is vested with powers that it has not yet exercised and makes a number of recommendations identifying areas which may provide the Central Bank with the opportunity to desist from facilitation of the prospectus. The Joint Committee encourages the Central Bank to exercise the powers available to it in this regard,' she said. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
RTÉ News
29-05-2025
- Politics
- RTÉ News
'Some 100 schemes' under way to tackle flooding, Dáil told
The Government has restated its commitment to tackling the threat of flooding by investing in "prevention, protection and preparedness". Speaking during Dáil Statements on Flood Relief, Minister of State at the Department of Public Expenditure and Reform Kevin 'Boxer' Moran said that the OPW had identified communities at risk by undertaking the largest ever programme of its kind in 2018. That research concluded that the vast majority of those communities could be protected, if an "ambitious", "robust approach" which "met regulatory requirements" was undertaken. There are "some 100" schemes under way, with projects either completed or being carried out to protect "80% of at-risk properties". "To date, the OPW has €570 million in 55 flood relief schemes protecting 13,500 properties with an estimated economic benefit" of €2 billion, the minister said. Sinn Féin TD Mairéad Farrell acknowledged the significant increase in OPW funding to address this matter, but said that this was never "predominantly a financial issue". She accepted that flood relief schemes "are complex and multi-annual projects", and do require local input. However she warned: "It does take far too long to go from the initial stages to completion at the moment." Labour TD Ged Nash asked why delivering a flood relief scheme, which has five stages, can get stuck on the first stage, citing examples from his constituency in Co Louth. Independent Ireland leader Michael Collins said that "rivers need to be cleaned out", and called on the minister to ensure that this happens, but reassured that he was not "having a go" at the minister who he said is "a hard-working man".
Irish Times
22-05-2025
- Politics
- Irish Times
‘Repulsive'; ‘obscene'; ‘genocide': Dáil voices rise in unison over Israel's slaughter in Gaza
Slaughter, streaming now on your chosen platform. 'Innocent children, they don't know what's going on, starving with the hunger ... This is reality, this is what's happening in front of our eyes and we can see that on the news every morning, noon and night, and worse and worse it's getting,' said Danny Healy-Rae. Annihilation, as it happens. 'We are witnessing a genocide being live-streamed on our hand-held device,' said Labour's Eoghan Kenny. READ MORE The destruction is undeniable. We see it every day. 'One of the greatest crimes against humanity is playing out before our eyes in real time,' said Sinn Féin's Mairéad Farrell. Speaker after speaker, making the same point during three hours of Dáil statements on the unfolding catastrophe in Gaza. How can this be happening when the obscene reality is there for all to see? How can the Israeli government escalate its eradication crusade in Gaza while the big western powers hang back and look on? In angry, heartfelt contributions, TDs held out little hope that this week's harrowing scenes of children starving to death would deflect Israeli prime minister Binyamin Netanyahu from his remorseless campaign against the Palestinian people. If the world's increasingly flaky bulwarks of democracy won't act, this doesn't mean that Ireland cannot make a stand. There was understandable consensus when it came to condemning Israel for its campaign of genocide in Gaza. Nobody quibbled with the use of the word. The differences came in the interpretation of what has been done and what should be done to force Netanyahu to end the war. The Government pointed to the lead it has taken internationally when most of its EU partners have been dragging their heels. The Opposition, while acknowledging the actions taken by Taoiseach Micheál Martin and Tánaiste and Minister for Foreign Affairs Simon Harris, accused them of doing too little too late. But given the sheer horror of what the suffering innocents are enduring in Gaza, the lengthy Dáil session didn't descend into the usual political tit-for-tat. Apart, that is, from an unnecessary swipe at the Taoiseach early on from Sinn Féin's Mary Lou McDonald, who talked about her party's Bill to end the sale of Israeli war bonds through the Central Bank. It's an 'obscenity' completely at odds with Ireland's position on humanitarian standards and international law. 'And yet, when I raised this with the Taoiseach yesterday, his response was to call our legislation repulsive,' said Mary Lou. 'That's the word he used.' Micheál Martin swiftly intervened to reject the assertion. 'What is truly repulsive is allowing the Irish Central Bank to oversee the sale of Israeli war bonds that are funding this genocide,' she replied. Micheál wasn't letting this go. 'The Deputy is misleading the House. That's not right, now.' Mary Lou moved on. If his Government is really sincere and serious about 'ending the clear barbarism we watch every day in Gaza', it will back their Bill. Micheál repeated his objection. 'I said no such thing,' he said, in a quiet, level voice. Given the seriousness of the debate it was not good enough for her to 'falsely make that assertion. I did not say that and you know I did not say that. I would ask you to withdraw it.' The Leas-Cheann Comhairle turned to Mary Lou. Well? 'I cannot withdraw it because the record of this House will reflect the fact that the word that was used across the Chamber to me was the word 'repulsive'. Check back on it, persisted the Taoiseach. 'Because you said the Government was funding a genocide and I said that phrase was morally repugnant. At no stage did I say the tabling of legislation in respect of the Central Bank was repulsive,' he said, addressing Mary Lou slowly, asking her again to withdraw her words. 'You know that. Why did you conflate the two to make a false statement?' She turned to the chair. 'Sorry. Why is the Taoiseach using our speaking time with this nonsense?' Micheál wanted that withdrawal. 'I am not withdrawing it,' insisted the Sinn Féin leader. 'It was a smear, it was a smear against me.' 'I am not withdrawing a remark that you made.' The Leas-Cheann Comhairle moved on. 'We'll leave it at that.' 'No sincerity,' murmured the Taoiseach. So, what happened the previous day? During Questions on Policy or Legislation, Mary Lou spoke about the slaughter in Gaza and her party's forthcoming legislation about Israeli war bonds. 'What people might not know is that the Irish Government has made Ireland complicit in funding this genocide,' because the Central Bank oversees the sale of these bonds which are directly used to fund Israel's war against Hamas. 'Taoiseach, work with us. Ireland cannot be complicit any longer in genocide.' [ Air strikes kill dozens in Gaza as international criticism of Israel grows ] He said what is happening to innocent civilians in Gaza 'is beyond any moral compass' and it was 'very regrettable' that she would say the Irish Government is funding genocide. 'I can't really comprehend why you say things like that. I would argue you do it for politics but it smacks of that only. It lacks sincerity ... But I think it's fundamentally wrong of you actually to take the tack that you're taking. 'I find it morally repulsive as well.' Mary Lou was right in one thing – he did use the word 'repulsive'. But it was fairly clear that Micheál was angered by the suggestion his Government was facilitating genocide as opposed to Sinn Féin tabling a Bill. But for the most part, this lengthy session was memorable for a strong show of unity from across the political spectrum against the reprehensible war crimes being perpetrated on defenceless babies in Gaza. Yes, there were strong speeches from the Taoiseach and Tánaiste, but the depth of feeling from TDs of all stripes was compelling. All of them, including Coalition TDs, called for more action from Ireland as they denounced the Israeli government – not the Israeli people. There were many passionate speeches. Netanyahu 'has shown himself to be a monstrous leader and his government a monstrous authority', said the former ceann comhairle Seán Ó Fearghaíl. Not only have they slaughtered women and children in Gaza, but they have done much damage to their own country. 'The State of Israel has a right to exist. I respect and love the Jewish people but I deplore, detest and reject Netanyahu and his people.' Deputies condemned the Palestinian terrorist group Hamas for the unspeakable atrocities it committed on Jews in a raid on Israel two years ago which led to the war. But, as Fine Gael TD Barry Walsh said, their 'barbaric and disgusting' action does not justify what is happening in Gaza now. 'It is murder, pure and simple,' said Independent TD Paul Gogarty, shouting the number 'fourteen thousand' at the top of his voice. That awful figure, repeated time and again in the House. The number of babies who may die from malnutrition by the weekend. 'It appears that things have got so horrific that even the EU may be waking up,' he said. It was late in the afternoon, a good two hours into the statements, when Galway-based Independent Catherine Connolly rose to speak. 'I've attended many, many protests, as all my colleagues have done, and there was a time when I was most uncomfortable with the chant that Israel is a terrorist state ... I have no such reluctance now, and I'm ashamed that I wasn't comfortable with that, because Israel is a terrorist state. 'It's out of control. It's a rogue state, and it's got that far because it has done everything with immunity from the big powers that be, including Europe, America and many, many other countries,' she said. But what she heard in the chamber was heartening. 'You know, the speeches that were made today by the backbenchers were wonderful. They were absolutely wonderful. I was near to tears with the passion,' she said. 'I wish they had made those speeches earlier when we were appealing to you to stop Israel with getting away with impunity. 'And we're here today, now, and we're looking at 14,000 children about to die in the next 48 hours.' Unimaginable. 'And words. What words will we now use? We have set the lowest bar for telling ourselves we're very good.' She talked of troops allowed through Shannon. Of increased trading. Of the failure to enact the Occupied Territories Bill. 'And we learn now tomorrow, in the face of 14,000 children about to die, that a memo is going to go to Government. 'Shame comes to mind, embarrassment, but most of all, let's act and show leadership.' During her speech, she held up a printed statement. 'And we're here today, and we've just learned that a delegation from 22 countries in the EU over looking at the refugee camp in West Bank has been shot at, and we're told that the delegation deviated from the route. The only deviant here is Israel. They have deviated from international law.' Then word came that two of those delegates – the State's representative in Palestine Feilim McLaughlin and his deputy Sorcha Lowry – are Irish. And the real time everyone was talking about came just that little bit closer.
Irish Examiner
25-04-2025
- Business
- Irish Examiner
Sinn Féin chooses John Brady to chair Dáil's Public Accounts Committee
John Brady, a Sinn Féin TD for Wicklow, has been appointed as chair of the Dáil's powerful Public Accounts Committee. There had been months of delays to appoint committees and their chairs, after the Dáil's speaking rights row disrupted their formation. The top jobs at Oireachtas committees include a €10,888 salary top-up and are doled out through the d'Hondt method – which gives the positions based on party size in the Dáil. Sinn Féin was the final party to announce its picks for committee chairs, with a number of the party's prominent frontbenchers being selected to take up top jobs. This includes Galway West TD Mairéad Farrell, who will chair the Finance Committee, and Cavan-Monaghan TD Matt Carthy, who will chair the Justice, Home Affairs and Migration committee. Ms Farrell briefly was the chair of the PAC in the last Dáil, after former Sinn Féin TD Brian Stanley resigned from the party amid internal party inquiries. After his resignation, he was removed from the PAC chair position. Other party frontbenchers, Rose Conway Walsh and Louise O'Reilly, have been appointed as committee chairs, for the Defence and National Security committee and Petitions committee respectively. Limerick City TD Maurice Quinlivan will chair the Disability Matters committee, while Waterford TD Conor D McGuinness takes up the top position on the Fisheries and Maritime Affairs committee. Fianna Fáil committee chairs On Thursday, Taoiseach Micheál Martin confirmed his own party's committee chairs, with Laois TD Seán Fleming to take over chairing the Infrastructure & National Development Plan Delivery committee. Cork East TD James O'Connor was appointed as chair of the Enterprise, Tourism and Employment committee, while Dublin South-West TD John Lahart was appointed to chair the Foreign Affairs and Trade committee. Aindrias Moynihan, from Cork North-West, will chair the Agriculture and Food committee, while Clare TD Cathal Crowe takes on the Education and Youth committee. Other appointees include Louth TD Erin McGreehan as chair of the Further and Higher Education committee, Dun Laoghaire TD Cormac Devlin as chair of the Implementation of the Good Friday Agreement committee and Wicklow-Wexford TD Malcolm Byrne as AI committee chair. Fine Gael committee chairs Tánaiste Simon Harris appointed seven Fine Gael TDs to chair committees, all of whom are first-time TDs. This includes Micheál Carrigy to chair the Housing Committee, Michael Murphy to the Transport committee and John Paul O'Shea to the Social Protection committee. Barry Ward, TD for Dun Laoghaire, is to chair the European Affairs committee, while Mayo TD Keira Keogh will chair the Children and Equality committee. Naoise Ó Muiri and Catherine Callaghan are to chair the Climate committee and Members Interests committee respectively. Other committee chairs The Social Democrats, meanwhile, confirmed Cork South Central TD Pádraig Rice will chair the Health Committee, while his party colleague Gary Gannon will chair the time-limited Drug Use committee. For Labour, Tipperary North TD Alan Kelly will chair the Arts, Media, Communications, Culture and Sport Committee. The party will also appoint the chairperson of the Traveller Community committee, but is yet to make a decision on the matter. Independent TD for Galway West, Catherine Connolly, will chair the Irish Language committee. The Independent technical group, made up of Independent Ireland, Aontú and independent TD Paul Gogarty, will chair one committee - the budgetary oversight committee. This is likely to go to an Independent Ireland TD.
