US lauds EU bid to cut terror funding

The United States on Wednesday praised the European Union for its latest bid to choke funding of terrorism and crime but said more work was needed. A day after EU finance ministers agreed that travellers entering or leaving the European Union with more than 10,000 euros ($13,040) would have to declare the cash in writing, a senior US official said co-operation on fighting terrorism was going well. "The action ... is an excellent step," Stuart Levey, US Treasury under-secretary for terrorism and financial intelligence, told a news conference in Brussels.
But the US wanted the 25-member bloc to do more by blacklisting some of the organisations operating in its borders. Levey insisted there was no difference between the military and political wings of organisations that were willing to use violent means to achieve political ends.