UNTANGLING ETA'S FINANCE: AN IN-DEPTH ANALYSIS OF THE BASQUE TERRORIST'S ECONOMIC NETWORK AND THE MONEY IT HANDLES

This article aims to analyse the sources of terrorist financing of the Euskadi Ta Askatasuna (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. This study focuses, in particular, on the periods 1993--2002 and 2003--2010, to observe the changes in the financing of terrorism after the outlawing of <italic>Batasuna</italic>, 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 <italic>Batasuna</italic> caused a major change in that funding.