The European parliament adopted a resolution on the SWIFT data transfer negotiations. Here is why even the Parliament’s conditions are problematic. var addthis_config = {“data_track_clickback”:false,”data_track_addressbar”:false,”data_track_textcopy”:false,”ui_atversion”:”300″}; var addthis_product = ‘wpp-3.0.5′;

I have written before why the SWIFT agreement is bad for Europe. This post is an update based on the final agreement and the new arguments that have been brought forward. In short: the situation has not changed and MEPs should reject the SWIFT agreement.

Today I will list the 5 main arguments against the EU bank data transfer deal with the US.

The EU justice and home affairs minister are about to agree on a large-scale banking data sharing plan with the United States. The agreement will have a massive impact on the privacy of banking data of European businesses and citizens.