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Luxembourg will not renew approval for Israeli war bonds, finance minister confirms
United Kingdom🏛️ PoliticsProgressive4 hr. ago

Luxembourg will not renew approval for Israeli war bonds, finance minister confirms

Luxembourg's finance minister, Gilles Roth, confirmed that the country will not renew its approval for the sale of Israel Bonds in the European Union. This decision was made by Luxembourg's financial regulator, the CSSF, which decided two months prior not to extend the bond program beyond its August 31 expiration date. Campaign groups in Luxembourg and across the EU have long advocated for stopping the sale of these bonds, arguing they fund Israel's military actions in Gaza, Lebanon, and Iran. Roth claimed the CSSF acted based on regulatory compliance, not political pressure, but critics argue this aligns with the timing of ongoing campaigns against the bonds. Amnesty International warned in July that continued sales could constitute complicity in alleged genocide. Unless another EU member state takes over the program, the bonds can no longer be sold across the EU. Israel Bonds, issued by the US-based Development Corporation for Israel, are marketed as supporting Israel during wartime and have raised $7.7 billion since October 2023.

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Middle East Eye logoMiddle East EyeIndependentProgressive4 hr. ago
Luxembourg will not renew approval for Israeli war bonds, finance minister confirms

Luxembourg's finance minister, Gilles Roth, confirmed that the country will not renew its approval for the sale of Israel Bonds in the European Union. This decision was made by Luxembourg's financial regulator, the CSSF, which decided two months prior not to extend the bond program beyond its August 31 expiration date. Campaign groups in Luxembourg and across the EU have long advocated for stopping the sale of these bonds, arguing they fund Israel's military actions in Gaza, Lebanon, and Iran. Roth claimed the CSSF acted based on regulatory compliance, not political pressure, but critics argue this aligns with the timing of ongoing campaigns against the bonds. Amnesty International warned in July that continued sales could constitute complicity in alleged genocide. Unless another EU member state takes over the program, the bonds can no longer be sold across the EU. Israel Bonds, issued by the US-based Development Corporation for Israel, are marketed as supporting Israel during wartime and have raised $7.7 billion since October 2023.

Bias read (Progressive): The article frames the decision to stop Israel Bonds as aligned with international human rights organizations like Amnesty International, which explicitly accused Israel of genocide. It highlights the moral and ethical concerns surrounding the funding of military actions, using strong language such

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