EU Parliament threatens to derail EU-US bank data deal

EUObserver.com reports that the European Parliament is threatening to derail an interim agreement allowing US authorities to track European bank transactions in terrorism investigations unless certain concessions are made.

The president of the European Parliament Jerzy Buzek at the end of last week sent a second letter to the Spanish EU presidency asking for more information on the so-called Swift agreement.

A plenary debate on the matter is scheduled for Wednesday in Strasbourg, during which the Spanish presidency is expected to give more answers on the technicalities of the deal.
The agreement would allow US prosecutors and investigators to tap into intra-European bank transactions as part of anti-terrorist enquiries - something EU lawmakers say raises privacy concerns.

Read the article here: http://euobserver.com/9/29284/?rk=1