European Swift bank data ban angers US

BBC News

The European Parliament has blocked a key agreement that allows the United States to monitor Europeans’ bank transactions – angering Washington.

The US called the decision a "setback for EU-US counter-terror co-operation".

The vote was a rebuff to intensive US lobbying for EU help in counter-terrorism investigations.

EU governments had negotiated a nine-month deal which would have allowed the US to continue accessing the Swift money transfer system.

Full Story: http://news.bbc.co.uk/2/hi/europe/8510471.stm

 

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