DISMANTLING TERRORIST´S ECONOMICS - THE CASE OF ETA MIKEL BUESA THOMAS BAUMERT Documento de trabajo Nº 81 2012 Edita: Instituto de Análisis Industrial y Financiero. Universidad Complutense de Madrid Facultad de Ciencias Económicas y Empresariales. Campus de Somosaguas. 28223 Madrid. Fax: 91 3942457 Tel: 91 3942456 Director: Joost Heijs e-mail:
[email protected] https://www.ucm.es/iaif/instituto-universitario Este documento puede ser recuperado a través de INTERNET en las siguientes direcciones This file is available via the INTERNET at the following addresses www.ucm.es/iaif/actividad DISMANTLING TERRORIST´S ECONOMICS - THE CASE OF ETA MIKEL BUESA* THOMAS BAUMERT** * Instituto de Ánalisis Industrial y Financiero - Universidad Complutense Madrid **Professor at the Catholic University of Valencia ABSTRACT This article aims to analyze the sources of terrorist financing for the case of the Basque terrorist organization ETA. It takes into account the network of entities that, under the leadership and oversight of ETA, have developed the political, economic, cultural, support and propaganda agenda of their terrorist project. The study focuses in particular on the periods 1993-2002 and 2003-2010, in order to observe the changes in the financing of terrorism after the outlawing of Batasuna, ETA's political wing. The results show the significant role of public subsidies in finance the terrorist network. It also proves that the outlawing of Batasuna caused a major change in that funding, especially due to the difficulty that since 2002, the ETA related organizations had to confront to obtain subsidies from the Basque Government and other public authorities. KEYWORDS Financing of terrorism.