. | . |
Terror attacks a growing economic threat: G20 ministers by Staff Writers Chengdu, China (AFP) July 24, 2016 Increasingly frequent terrorist attacks are becoming a growing threat to the global economy, finance chiefs from the world's leading economies said Sunday. Earlier this month 84 people were killed in Nice when a Tunisian truck driver -- suspected to be inspired by the Islamic State jihadist group -- ploughed a 19-tonne vehicle through a holiday crowd. That followed Paris attacks last year which left 130 dead. Kabul mourned Sunday after its deadliest attack for 15 years killed 80 people and left hundreds maimed the previous day, reigniting concern that Islamic State was seeking to expand its foothold in Afghanistan. Last week a German-Iranian gunman -- believed not to be connected to the Islamic State group but "obsessed" with mass killers -- shot dead nine people in the German city of Munich before killing himself. "We condemn, in the strongest possible terms, the recent terrorist attacks," G20 finance chiefs said in a communique after meeting in the Chinese city of Chengdu, adding that terrorism was one of the issues that "complicate" the economic environment. France's finance minister Michel Sapin said the concept of terrorism as an economic risk itself was new, but its inclusion in economic analyses was now "normal". "The world has already experienced terrorist attacks, the world experiences regional destabilisations," he told AFP. "But today the frequency of attacks creates a new situation of uncertainty, which is at least as damaging as regional destabilisations or a regional conflict. "That can have economic consequences that are just as important," he said. The G20 has long promoted efforts to combat financing of terrorist activities, particularly the work of the Financial Action Task Force. US Treasury Secretary Jacob Lew told reporters the meeting "reaffirmed our solidarity and resolve to fight terrorism in all its forms and wherever it occurs, and strengthening our efforts to prevent financing of terrorism". Sapin pointed out that funding for what he called "low-cost terrorism", carried out domestically using methods that cost attackers relatively little, must also be addressed. In a report ahead of the G20 meeting, IMF staff cited terrorism as an "ongoing concern", among others including geopolitical tensions, climate-related factors and diseases.
Related Links The Long War - Doctrine and Application
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |