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EU About To Grant US Unlimited Access To Banking Data

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 ministers 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 to democracy in the EU. ... [W]hile the US will be able to access EU banking data, no access to US banking data by EU [authorities] is being foreseen."

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  1. Re:Banking INternationally by sopssa · · Score: 0, Redundant

    Uh? Read some history about USSR. Whole communism aspect was directly used to labor tons of tanks, trucks, weapons, planes and so on. Russia still only uses their own technology, mig's, ak-47..

    Or even pay a visit to Russia or any ex-soviet country. It's culturally a totally different world and it can be seen that US has and has had a little effect to them. Even McDonald's only landed in the largest cities 2000+.