French President Francois Hollande has said business leaders have a key role to play in the global fight against terrorism.
Speaking to participants at the World Economic Forum in Davos Switzerland, today, Hollande said companies need to take action against practices which fund and support extremist networks, such as money laundering and trafficking.
His appeal came two weeks after the devastating attacks by Islamist gunmen on French soil that saw 17 people killed in Paris. 12 of the murders took place at the offices of the satirical magazine Charlie Hebdo, which was targeted for publishing cartoons of the Prophet Mohamed.
“Don't let a beast roam today when it could attack you tomorrow,” the French leader told a packed audience of bank chief executives and investors.
Hollande, whose speech received loud applause, urged internet companies to make sure “illegal content” was taken off the web, saying governments could not fight terrorism on their own.
Corporate leaders must fight against the trafficking of people, drugs and goods, and combat tax havens to dry up financial sources for terrorism, he added, while urging EU countries to agree on a European database of air passengers.
Davos 2015 in numbers
Davos 2015 in numbers
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The Swiss resort is the highest town in Europe.
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The permanent population of Davos.
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The year the annual forum was founded by Klaus Schwab, a German-born business professor at the University of Geneva (pictured speaking).
It was initially named the European Management Forum.
World Economic Forum/Wikimedia Commons
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The year the annual forum changed its name to the World Economic Forum.
5/9 Davos 2015 in numbers
The number of private jets expected to enter Swiss airspace to fly billionaires and government leaders to Davos.
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The number of participants attending the World Economic Forum.
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Participants will represent more than 100 countries around the world.
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The number of heads of state and government in attendance.
Pictured is Chinese Premier Li Keqiang.
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Women are far outnumbered by men at the World Economic Forum, representing less than a fifth of all participants.
Pictured is Queen Mathilde of Belgium.
Hollande also welcomed the European Central Bank's decision to embark on a massive bond-buying plan.
Responding to comments by German policymakers who fear that ECB President Mario Draghi’s decision to launch quantitative easing would take pressure off France to reform, he said the move would only reinforce his government's resolve.
“I consider that this decision by the ECB obliges us to be even bolder in our efforts to lift obstacles to growth and job creation,” he said
Repeating comments that drew sarcasm on Twitter when he first made them last week, Hollande praised the ECB for what he said was “meeting ... its target to fight inflation”.
Inflation in the euro zone stood at -0.2 per cent in December while the ECB has a target for it to be below but close to 2 per cent.
“When there is no inflation, there is more room to inject liquidity into the economy,” he said.
In December, Hollande will also be staging the next round of climate talks in Paris. Speaking at Davos on Friday he called on business leaders for “huge investment” in green technology to fight global warming and poverty.
The scheduled talks are intended to set a legally binding climate pact focused on carbon emissions cuts from 2020.
Additional reporting by ReutersReuse content