European ransom payments now bankroll al Qaeda

European ransom payments now bankroll al Qaeda
(Image credit: iStock)

European governments have quietly paid al Qaeda between $125 million and $165 million in ransoms for kidnapping victims since 2008, including at least $66 million in the past year alone, according to a New York Times investigation. The money, funneled through intermediaries, is sometimes disguised as development aid. Counterterrorism officials believe the payoffs now overshadow cash from big donors as al Qaeda's main funding source. Read The New York Times' full report here.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.