EU interior ministers have struck an interim deal to give the US access to banking data handled by SWIFT, a bank-owned network that processes international communications among banks. During their meeting in Brussels today, ministers agreed an interim deal for nine months. Germany and Austria had reservations about the level of data protection but abstained in the meeting. The EU needs unanimity to agree international treaties, such as the SWIFT agreement, but abstentions do not count as votes against. The EU needed to strike a new deal with the US because SWIFT is transferring much of its data business to servers located in the Netherlands and Switzerland. Without an agreement, the US would no longer be able to consult the data. Supporters of the deal say that the data examined by US law enforcement agencies has been used to prevent terrorist attacks in the EU.
During their meeting in Brussels today, ministers agreed an interim deal for nine months. Germany and Austria had reservations about the level of data protection but abstained in the meeting. The EU needs unanimity to agree international treaties, such as the SWIFT agreement, but abstentions do not count as votes against.
The EU needed to strike a new deal with the US because SWIFT is transferring much of its data business to servers located in the Netherlands and Switzerland. Without an agreement, the US would no longer be able to consult the data. Supporters of the deal say that the data examined by US law enforcement agencies has been used to prevent terrorist attacks in the EU.
Europe's SWIFT Bow The long SWIFT arm of the US IRS
Supporters of the deal say that the data examined by US law enforcement agencies has been used to prevent terrorist attacks in the EU.
always with the terrorism. Fear, fear. Have they any other songs ? keep to the Fen Causeway
Fear, fear. Have they any other songs ?
I can understand the masses being conned by religious shysters a thousand years ago before the advances in scientific knowledge but today, it's only the programmed fear of death that still gives religion an attractiveness. Humans ... gutless cowards by and large, and the people in power KNOW that!.
I'm watching Washington Journal and I'm in one of my MOODS. Now where's the fun in that! - Megatron
