All that enrichment comes at a cost, a massive cost, that future generations will be paying, both financially and in terms of human life and culture…
RAND: Terror Has Cost EU Countries £160 Billion Since 2004
A study by the RAND Corporation has revealed that from 2004 to 2016, terrorism cost European Union countries £160 billion ($210bn) with France and the UK losing the most.
The report, which was prepared for the European Parliament, says that as a result of terrorist acts, the UK economy lost £38.6 billion ($51.1bn) following the 7/7 bombings in 2005, while France lost an estimated £38 billion ($50.3bn) within the same period that saw the 2015 Charlie Hebdo attacks and the Bataclan massacre later that same year, as well as a large number of other, smaller terror events.
“Besides the obvious physical devastation and emotional trauma, there is a negative impact on economic growth in the countries where these terrorist attacks take place. When you bear in mind the infrequent nature of terror events in Europe, the GDP losses that occur to national economies are notable,” senior RAND economist Marco Hafner said.
