MEPs Vote To Suspend Data Sharing With US

New submitter mrspoonsi writes with this news, excerpted from the BBC: "The European Parliament has voted to suspend the sharing of financial data with the U.S., following allegations that citizens' data was spied on....The European Parliament voted to suspend its Terrorist Finance Tracking Program (TFTP) agreement with the US, in response to the alleged tapping of EU citizens' bank data held by the Belgian company SWIFT. The agreement granted the U.S. authorities access to bank data for terror-related investigations but leaked documents made public by whistleblower Edward Snowden allege that the global bank transfer network was the target of wider U.S. surveillance."

Comments

Re:The NSA did what they were chartered to do ...

[AHuxley]

In theory we did. The US/UK NATO crypto offers for friendly embassy use was junk from the 1950-90's. It kept the Soviets out but let the NSA and GCHQ in. The UK and US press often hinted at plain text from embassy intercepts over many years. How far back do you want to go:
http://en.wikipedia.org/wiki/Martin_and_Mitchell_defection 1960?
..."practices the United States uses in gathering intelligence information ... deliberately violating the airspace of other nations ... intercepting and deciphering the secret communications of its own allies ..."
Thanks to Snowden we have the history needed for the dreamy sock puppets. I saw one offer that the US does not really 'use' the info for finance or domestic political needs.
A huge change from its not possible, would never work, would be found out, the data sets are too large, the US brands would never help, the political and legal protections ...:)