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EU Parliamentary Group Rejected Deal on Data Sharing with the US

Members of the European Parliament Civil Liberties Committee recommended rejecting the data sharing agreement between the United States and Europe. "Parliament should withhold its consent to the EU's interim agreement on banking data transfers to the USA via the SWIFT network", the Civil Liberties Committee suggested. The United States authorities have argued that access to that information is key to counter terrorism efforts. In 2006 Article 29 concluded that "SWIFT and the financial institutions in the EU have failed to respect the provisions of the EU Data Protection Directive." The deal will be put to a plenary vote in Strasbourg on February 11, 2010. The SWIFT deal allows the United States to access information collected by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). In 2009, the Brussels-based banking consortium "set up a storage center for its European data in Switzerland, which meant that intra-European data was stored only in Europe. Until then, the data had also been kept on a server in the United States. This new structure required the negotiation of a new agreement between the Commission and Council on the one hand and the United States on the other." For more information: SWIFT interim agreement: Civil liberties Committee to vote on 4 February.

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