On Thursday 9 October 2025, political group Democracy in Europe Movement 2025 (DiEM25) announced that it condemned Luxembourg’s decision to approve the sale of Israel’s sovereign bonds.
In September 2025, it was announced that Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's financial regulator, had issued approval for the sale of Israel’s sovereign bonds in the European market, which led to the CSSF sending a letter to Deputy Prime Minister Xavier Bettel requesting an opinion regarding its decision to allow the sale.
In its press release, DiEM25 said: “These bonds directly contribute to financing Israel’s ongoing assault on Gaza and its illegal
settlement enterprise in the Occupied Palestinian Territory. This has been confirmed by both the CEO of Israel Bonds, in a television broadcast on 16 October 2023, and independent investigations by Peace Now and Associated Press News.”
DiEM25 said that Luxembourg’s approval of Israeli bonds “violates obligations” under international law and that “recognition of the State of Palestine - as Luxembourg has done - must carry meaning”.
DiEM25 has demanded that Luxembourg’s leaders:
1. withdraw approval for the sale of Israeli ‘war bonds’ within the EU;
2. ban Luxembourg’s institutions from promoting, distributing or investing in these financial products;
3. close all loopholes that allow the marketing of financial instruments funding war crimes or genocide.
Democracy in Europe Movement 2025 (DiEM25 ) is a pan-European political movement founded in 2016 by former Greek finance minister Yanis Varoufakis and others.
