EU wants the US to snoop on European Bank data
Submitted
by
zaphod2
zaphod2 writes "The EU is about to enter talks with the US on giving it access to banking data in its fight against terrorism.
US anti-terror officials want to be able to continue examining Europeans' financial transactions, and it appears likely that the European Union is going to comply.
The US has been examining transactions handled by the Society for Worldwide Interbank Financial Transactions (SWIFT) since the 9/11 attacks on New York and Washington.
However, SWIFT, which is located in Belgium, is planning to move its servers and database from the US to Europe, where data privacy laws are far stricter.
Now the US would need permission from EU authorities to gain access to this sensitive information. And they will get it, as the EU foreign ministers decided today....
I wonder how long it takes, until gambling and online games or not RIAA approved music shops are considered supporters of terrorism.
http://www.spiegel.de/international/europe/0,1518,638509,00.html"