Central Bank of Ireland

Ireland Plans Permanent Basic Income of $1,500/Month for Artists

Ireland’s Basic Income for the Arts pilot program, initiated in 2022 and providing artists with a weekly stipend, is nearing its conclusion. Despite the pilot program’s initial end date of August, it was extended to February 2026. The Irish government announced that the 2026 budget includes a successor scheme, aiming to make the basic income program a permanent fixture within the arts and culture sector, highlighting its positive impact on participants. This decision reflects the program’s success in reducing financial stress and fostering professional growth, as noted in a government report, with support from the Arts Council.

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McGregor Withdraws from Presidential Bid Amid Scrutiny and Criticism

Conor McGregor has ended his bid to run in the upcoming presidential election, announcing his withdrawal after careful consideration and consultation with his family. McGregor had been seeking nominations from local authorities to secure a spot on the ballot, but his campaign was ultimately cut short. While no longer a candidate, he stated his intention to use his platform to promote Irish interests, strengthen economic opportunities, and advocate for transparency. Other notable candidates for the October election include Heather Humphreys and Jim Gavin, along with Catherine Connolly, who has received support from various political parties.

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Netherlands and Ireland Threaten Eurovision 2026 Boycott Over Israel Participation

The Netherlands has joined Ireland and other nations in threatening to withdraw from the 2026 Eurovision Song Contest if Israel is allowed to compete, citing the ongoing loss of life in Gaza as the primary reason. Dutch broadcaster AvroTros specifically mentioned the death of journalists in Gaza as a key factor in their decision. The European Broadcasting Union (EBU) acknowledges the concerns of its members regarding the conflict and is currently consulting on how to manage participation amid geopolitical tensions. Ireland has also expressed similar concerns, citing the “unconscionable” loss of life in Gaza as a reason for potentially withdrawing from the contest.

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Ireland’s Central Bank Stops Approving Israeli War Bond Sales

The Central Bank of Ireland will no longer approve European prospectuses for the sale of Israeli bonds, with the authority transferring to Luxembourg. This decision, effective September 2nd, follows mounting pressure due to Israel’s military actions in Gaza and the associated humanitarian crisis. The Development Company for Israel (International) Ltd, which sells debt on behalf of Israel, has been marketing these bonds in the context of funding the Gaza war. While the Central Bank cited legal obligations to approve prospectuses, the change was welcomed by pro-Palestinian groups and criticized by some who believe any financial support is inappropriate.

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