DUBLIN: Israel has moved the process of securing EU approval for its diaspora bond prospectus to Luxembourg from Ireland amid increasing opposition in Dublin to its central bank’s role in approving the program on behalf of the European Union.
Irish lawmakers and pro-Palestine campaign groups have called on the central bank to stop facilitating the sale of the bonds over the last year due to Israel’s near two-year military campaign in Gaza that has killed more than 63,000 people, mostly civilians, according to Gaza health officials.
Israel’s diaspora bonds are relatively small and sold mainly in Jewish communities around the world to help supplement the state’s bond sales that finance its budget deficit that has risen due to the war. Israel launched a diaspora bond campaign in October 2023 to raise money amid the conflict.
Non-EU countries must choose one EU member state to apply to for approval of a prospectus where securities are traded in the EU and Ireland’s central bank had been asked to approve Israel’s diaspora bond program each year since 2021.
A joint committee of Irish lawmakers recommended in August that the government seek to amend EU regulations so as to allow each individual European central bank to refuse to act as the competent authority for such bond prospectuses.
Protesters have also demonstrated outside the central bank’s offices.
Ireland is one of the most pro-Palestinian EU member states. It officially recognized a Palestinian state last year and the government is drafting legislation on restricting trade with Israeli settlements in the occupied Palestinian territories.
The Irish central bank had consistently said it is legally obliged to approve any prospectus once the relevant conditions are met.
In a letter to a lawmaker published by the central bank, Governor Gabriel Makhlouf said the approval for Israel’s program would be transferred to Luxembourg upon the expiry of the prior year’s prospectus on Monday.
The new prospectus published on the website of Israel Bonds, the country’s borrowing vehicle for diaspora bonds, said its program for the next year had been approved by Luxembourg.
Israel’s finance ministry said the move was a natural step as the state was already working with Luxembourg in its tradable sovereign debt program. The move will ensure Israel “maintains continuous access to investors worldwide,” it added in an emailed statement.
Israel moves EU approval for diaspora bond to Luxembourg from Ireland amid Gaza protests
https://arab.news/y5uwv
Israel moves EU approval for diaspora bond to Luxembourg from Ireland amid Gaza protests
- Non-EU countries must choose one EU member state to apply to for approval of a prospectus where securities are traded in the EU
Sleepy. Divisive. A fan of young Trump: A look at the new plaques on the Presidential Walk of Fame
- “The plaques are eloquently written descriptions of each President and the legacy they left behind,” White House press secretary Karoline Leavitt says
WASHINGTON: President Donald Trump has affixed partisan plaques to the portraits of all US commanders in chief, himself included, on his Presidential Walk of Fame at the White House, describing Joe Biden as “sleepy,” Barack Obama as “divisive” and Ronald Reagan as a fan of a young Trump.
The additions, first seen publicly Wednesday, mark Trump’s latest effort to remake the White House in his own image, while flouting the protocols of how presidents treat their predecessors and doubling down on his determination to reshape how US history is told.
“The plaques are eloquently written descriptions of each President and the legacy they left behind,” White House press secretary Karoline Leavitt said in a statement describing the installation in the colonnade that runs from the West Wing to the residence. “As a student of history, many were written directly by the President himself.”
Indeed, the Trumpian flourishes include the president’s typical bombastic language and haphazard capitalization. They also highlight Trump’s fraught relationships with his more recent predecessors.
An introductory plaque tells passersby that the exhibit was “conceived, built, and dedicated by President Donald J. Trump as a tribute to past Presidents, good, bad, and somewhere in the middle.”
Besides the Walk of Fame and its new plaques, Trump has adorned the Oval Office in gold and razed the East Wing in preparation for a massive ballroom. Separately, his administration has pushed for an examination of how Smithsonian exhibits present the nation’s history, and he is playing a strong hand in how the federal government will recognize the nation’s 250th anniversary in 2026.
Here’s a look at how Trump’s colonnade exhibit tells the presidential story.
Joe Biden
Joe Biden is still the only president in the display not to be recognized with a gilded portrait. Instead, Trump chose an autopen, reflecting his mockery of Biden’s age and assertions that Biden was not up to the job.
Biden, who defeated Trump in the 2020 election and dropped out of the 2024 election before their pending rematch, is introduced as “Sleepy Joe” and “by far, the worst President in American History” who “brought our Nation to the brink of destruction.”
Two plaques blast Biden for inflation and his energy and immigration policy, among other things. The text also blames Biden for Russian President Vladimir Putin’s invasion of Ukraine and asserts falsely that Biden was elected fraudulently.
Biden’s post-White House office had no comment on his plaque.
Barack Obama
The 44th president is described as “a community organizer, one term Senator from Illinois, and one of the most divisive political figures in American History.”
The plaque calls Obama’s signature domestic achievement “the highly ineffective ‘Unaffordable Care Act.”
And it notes that Trump nixed other major Obama achievements: “the terrible Iran Nuclear Deal ... and ”the one-side Paris Climate Accords.”
An aide to Obama also declined comment.
George W. Bush
George W. Bush, who notably did not speak to Trump when they were last together at former President Jimmy Carter’s funeral, appears to win approval for creating the Department of Homeland Security and leading the nation after the terrorist attacks of Sept. 11, 2001.
But the plaque decries that Bush “started wars in Afghanistan and Iraq, both of which should not have happened.”
An aide to Bush didn’t return a message seeking comment.
Bill Clinton
The 42nd president, once a friend of Trump’s, gets faint praise for major crime legislation, an overhaul of the social safety net and balanced budgets.
But his plaque notes Clinton secured those achievements with a Republican Congress, the help of the 1990s “tech boom” and “despite the scandals that plagued his Presidency.”
Clinton’s recognition describes the North American Free Trade Agreement, another of his major achievements, as “bad for the United States” and something Trump would “terminate” during his first presidency. (Trump actually renegotiated some terms with Mexico and Canada but did not scrap the fundamental deal.)
His plaque ends with the line: “In 2016, President Clinton’s wife, Hillary, lost the Presidency to President Donald J. Trump!”
An aide to Clinton did not return a message seeking comment.
Other notable plaques
The broadsides dissipate the further back into history the plaques go.
Republican George H.W. Bush, who died during Trump’s first term, is recognized for his lengthy resume before becoming president, along with legislation including the Clean Air Act and Americans With Disabilities Act — despite Trump’s administration relaxing enforcement of both. The elder Bush’s plaque does not note that he, not Clinton, first pushed the major trade law that became NAFTA.
Lyndon Johnson’s plaque credits the Texas Democrat for securing the Civil Rights Act of 1964 and Voting Rights Act of 1965 (seminal laws that Trump’s administration interprets differently than previous administrations). It correctly notes that discontent over Vietnam led to LBJ not seeking reelection in 1968.
Democrat John F. Kennedy, the uncle of Trump’s health secretary, Robert F. Kennedy Jr., is credited as a World War II “war hero” who later used “stirring rhetoric” as president in opposition to communism.
Republican Richard Nixon’s plaque states plainly that the Watergate scandal led to his resignation.
While Trump spared most deceased presidents of harsh criticism, he jabbed at one of his regular targets, the media — this time across multiple centuries: Andrew Jackson’s plaque says the seventh president was “unjustifiably treated unfairly by the Press, but not as viciously and unfairly as President Abraham Lincoln and President Donald J. Trump would, in the future, be.”
Donald Trump
With two presidencies, Trump gets two displays. Each is full of praise and superlatives — “the Greatest Economy in the History of the World.” He calls his 2016 Electoral College margin of 304-227 a “landslide.”
Trump’s second-term plaque notes his popular vote victory — something he did not achieve in 2016 — and concludes with “THE BEST IS YET TO COME.”
Meanwhile, the introductory plaque presumes Trump’s addition will be a White House fixture once he is no longer president: “The Presidential Walk of Fame will long live as a testament and tribute to the Greatness of America.”
