The Bank of Ireland, the country’s oldest financial institution, closed the accounts of the pro-Boycott, Divestment, Sanctions organization’s Ireland Palestine Solidarity Campaign (PSC) in late September. The group’s accounts were terminated in Ireland and Northern Ireland, according to a report Sunday in the Irish news outlet RTÉ.
According to RTÉ, the PSC said the bank closed its accounts because it defined transfers to Palestinian territories as high-risk. The PSC said it transfers funds to a factory in the West Bank that produces Palestinian scarves that the PSC buys to promote solidarity, wrote RTÉ.
The PSC had held accounts at the Bank of Ireland for 15 years.
Ireland is considered one of the strongholds of BDS activity in Western Europe. The termination of the SPC could result in growing financial actions to end relationships with pro-BDS groups.
Now, Ireland is a country famous for its brain power, despite English jokes to the contrary. Unfortunately, the grey matter has tended to mulch into grey goo through the imbibing of too much of the black stuff. Guinness may be good for you, but too much of it converts the mind to molasses. So the Bank of Ireland’s erstwhile support of such a blatantly anti-Semitic group as BDS was probably down to inebriation rather than anything more sinister. Or was it?