Brussels Blogger

Today I will list the 5 main arguments against the EU bank data transfer deal with the US.The background of the deal has already been described in my blog post yesterday.

These are the 5 reasons:

  • There is no reciprocity: The US will receive EU banking data and the EU will NOT receive any US banking data. Basically the EU will outsource a data mining center to the US authorities and hopes to get back some interesting data on its own citizens.
  • The bank data won’t stay in the United States: The transferred data is able to move outside the US for anti-terrorism mesaures. Given how many countries cooperate on anti-terrorism this is very worrying.
  • No parliaments to be involved: neither the European Parliament nor any national parliment will be involved.
  • No courts involved: no courts are involved before the transfer of data takes place. There is no possibility for European citizens or businesses to launch legal procedures against the data transfers. Compared to the data retention directive concercing telecom operations (which was heavily discussed in the European parliament, in media and at national levels) this is very very weak.
  • Everything is done in completele secrecy: There is no press release, no memo. The draft agreement is not public and held secret until today. Hence there is very little media coverage, especially outside Germany.
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Comments

  1. The only hope that we, as individuals, could now hold is that the US authorities will be so overwhelmed by the mass of info relating to the EU population they will be unable to ‘sort the wheat from the chaff’. However, given the US reliance on technology to solve such problems, it is more likely to mean many innocent people wrongly targeted (that seems to be the US record).

    Who agreed to this unreasonable intrusion into personal information? And by what right of law?

  2. I’m a US Citizen; and I’m a bit concerned about the alleged SWIFT deal as well.

    As a ex-Naval Logistics/Finance/Contracting Officer, IT Professional with Govt(Navy) Employment experience, I’m concerned as about the privacy/access issue.

    The US employs – and Govt Operations are excessively reliant upon – Contractors. Contractors (many who employ non-US Citizens on work permits with Security Clearance to boot) have their own commercial interests in mind; and there are too many security loopholes where the less than ethical can obtain/sell data for someone else’s profit.

    I.E., w/o reciprocity and mutually agreed security protocols, Datamining Operations may be abused to the benefit of others. Imagine the number of US(and non-EU) Companies/Individuals that can benefit from such intel – which can give them some informational advantage over their EU-based counterparts.

    BTW, have you considered actually writing an OpEd piece and submitting it to EU, CHE, and Global NewsSites about this?

  3. 6th reason: in the past, the US goverment has “leaked” this kind of confidential data to US businesses as a mean to unfairly compete against EU businesses on international markets.

    (Thank you for your blog!)

  4. So the US asks for something “controversial” and no one even thinks to ask for something in return?! This is ridiculous and pathetic.

    “Would you like some free money with that? A billion? Two billion? Why not?”

  5. Reason 1 should be IT’S NOT LEGAL TO DO SO. European Court of Human rights is NOT under the EU, and the right to privacy is not theirs’s to annul.

    What they are doing is not legal, and they should be ashamed. No, they should be imprisoned.

    What’s the difference? They’re not fit to be in power if they won’t protect our rights.

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