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NYT: Europe Rejects U.S. Deal on Bank Data

The European Parliament on Thursday broadly rejected an agreement with the United States on sharing information on bank transfers that was aimed at tracking suspected terrorists through their finances.

The vote in Strasbourg, France, underlined differences between the United States and the European Union over how to balance guarantees of personal privacy with concerns about national and international security.

A resolution to reject the deal passed 378-196, with 31 abstentions. The vote means that the agreement, which provisionally went into force at the beginning of February, cannot be used as planned.

The agreement would have freed the United States from having to seek bank data on a country-by-country basis. But Washington still could press for access to the data through such avenues.

Many members of the Parliament complained that the agreement -- meant to last for nine months while a more permanent arrangement was sought -- failed to guarantee the privacy rights of European citizens.


by Magnifico on Thu Feb 11th, 2010 at 01:28:08 PM EST

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