ABSTRACT

Although the economics of terrorism have gained broad attention from scholars and policymakers, especially after the attacks of 9/112 both from the input (terrorist financing) and the output side (economic consequences of terrorism), the financing of the Basque terrorist group Euskadi Ta Askatasuna (‘ETA’) seems relatively neglected in international studies.3 However, the ETA announcement (in January 2011) declaring a ‘permanent and internationally verifiable’ ceasefire,4 might provide a good opportunity to take a look back over 50 years of Basque terror financing.