Transatlantic Cooperation in the War Against Terror Financing: Building a Counter- Network. Jean Monnet/Robert Schuman Paper Series Vol. 6 No. 6 February 2006

Troy, Mary. (2006) Transatlantic Cooperation in the War Against Terror Financing: Building a Counter- Network. Jean Monnet/Robert Schuman Paper Series Vol. 6 No. 6 February 2006.

Abstract

[From the introduction]. The main objective of this paper is to make a convincing case for basing the campaign to combat terror financing in transatlantic relations. It is precisely because the EU poses itself as a counter-network to terror networks that it qualifies as an indispensable partner for the United States. The EU has global reach, operating a political economy with ties and activities in all corners of the world and is constantly expanding, internally, as well as increasing external contacts. Extraordinary benefits flow from European integration, significantly, the legal ties that bind EU member states with each other and third countries. This paper maintains supranationalism has created relationships that are qualitatively different from those based on the ad hoc bargaining of traditional diplomacy, relationships that are so well-defined and practiced that they can overcome bureaucratic obstacles and provide flexibility for institutional and policy innovation. The roots of the EU have grown deep. Collectively, member countries promote values that have gained appeal internationally, for example, respect for individual human rights and adherence to international law, and enabled Europe to exercise the influence of an opinion leader internationally while it controls a numerically strong voting bloc in international fora (one that is growing stronger given the attractiveness of many EU policy positions).