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EU About To Grant US Unlimited Access To Banking Data

November 27th, 2009 11:33 admin Leave a comment Go to comments

An anonymous reader points out a blog post reporting that on Monday The EU Council is set to give US intelligence services full access to SWIFT banking data, despite a unanimous call by the European Parliament not to do so. “The move of SWIFT the data server to Switzerland would be an excellent opportunity to stop the nearly unlimited access of US authorities on EU bank transactions. But EU justice and interior minister are apparently keen [on agreeing to] a deal as soon as possible, on 30 November. Why 30 November? Because one day later, on 1 December 2009, the EU’s Lisbon Treaty will be in force and would allow the European Parliament to play a major role in the negotiations of the deal with the US. A deal one day before will be a slap in the face of democracy in the EU. … [W]hile the US will be able to access EU banking data, no access to US banking data by EU auhtoirties is being foreseen.”

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