EU Committee Says No To Bank Data Sharing 160
krupert writes to let us know that the civil liberties committee of the European Parliament has voted to revoke the data-sharing arrangement by which US intelligence agencies have access to EU banking data via the SWIFT system. The US has threatened to withhold cooperation on terrorist intelligence if the bank data deal now in place is canceled, which it will be next week if the full European Parliament votes in line with the committee's recommendation. US intelligence agencies clandestinely tapped the SWIFT interbank clearing data from just after 9/11 until 2006, when the secret arrangement was made public. After that, Belgium-based SWIFT pulled their servers from the US and set up shop in Brussels, and the US had to negotiate with the EU to keep tapping the data.
Who let US out of the playground again? (Score:5, Insightful)
This is a great thing. US has no fucking business to our banking data or any other thing. The fact that US also did this secretly against a Belgian company is just outstanding and shows the level of hypocrisy going on (just like China secretly accessing Google's data anyone?!)
Now if they just would get UK out of EU it would actually be quite an intelligent organization.
Re:Who let US out of the playground again? (Score:5, Interesting)
This is a great thing. US has no fucking business to our banking data or any other thing. The fact that US also did this secretly against a Belgian company is just outstanding and shows the level of hypocrisy going on (just like China secretly accessing Google's data anyone?!)
I totally agree. This is another reason that we cannot trust the US anymore. Their only interest is their own interest, and everything else they do and say is hypocrisy. They sold out on all of their values. And I mean the US government, including the whole political system, but not all people living there. US business is a very bad factor in the world as well (think of banks), but the US state makes this possible.
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We in the US stopped trusting our government fifty years ago. I'm surprised it's taken Europe this long to realize that COINTELPRO wasn't an isolated incident.
Re:Who let US out of the playground again? (Score:4, Informative)
I have a funny conspiracy theory for you: :)
You may know that in Islamic countries, banks have to follow special rules of morale. The stuff that did happen in the US, is highly illegal in e.g. UAE.
So the theories goes like this:
The banking crisis did not really affect Islamic banks.
Which means that the whole banking crisis was the biggest and most successful terrorist attack by Islamic “leaders” yet.
And it was teamwork with China, who sold you crap that you don’t need, so you buy it with lend money that you don’t have... and is also coming from China.
Now all we have to find out, is how Islamic banks control China. ;))
P.S.: Protip: If you took this seriously: *whoooosh* ;)
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While you are trying to be funny, you are actually quite correct and if you haven't written that joke sentence your post would be extremely interesting.
My protip: ofcource it is not a conspiracy or a planned islamic attack, but it is kinda like it is....
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It sounds to me that you are just hating jews for being succesful in a free market.
That reminds me a bit of Nazi Germany propaganda...
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@ http://developers.slashdot.org/comments.pl?sid=1535624&cid=31011546 [slashdot.org]
(Ex 5-year professional PHP developer here, who actually managed to write properly designed software in it, and therefore knows extremely well what PHP is and can’t do.)
and now
I know what they say about most PHP programmers.. but you're making it too easy for them!
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Yeah. PHP programmers are incompetent at best.
I was one of the best, which still did not make me much.
Luckily I was programming other languages in parallel.
But I have wised (wisen? this is my third language of four) up, studied for years, and now am programming Haskell, properly designing software from ground up, writing games and software for the Linux and Java platforms.
Sorry to take the steam out of your comment. But people change. :)
And about that replacer: Well, whaddaya expect from something that I ha
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What, why is this marked troll? I really do have this replacer: http://userscripts.org/scripts/show/62062 [userscripts.org] :D
And I thought it was a funny bug, that shows how such replacers can never be perfect. Like that filter that replaced “assassinate” with “buttbuttinate”.
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Because it's trollish to change "piracy" to "file sharing".
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Who told you you could just make statements that are hanging in the air without any common paradigms, and be taken seriously? ^^
Also, your comment reads like this here:
Because it's trollish to change "file sharing" to "file sharing".
Yeah, now it makes sense... :D </sarcasm>
Re:Who let US out of the playground again? (Score:4, Insightful)
I totally agree. This is another reason that we cannot trust the US anymore. Their only interest is their own interest, and everything else they do and say is hypocrisy. They sold out on all of their values. And I mean the US government, including the whole political system, but not all people living there. US business is a very bad factor in the world as well (think of banks), but the US state makes this possible.
Everyone puts their own interests first. The EU is likely reject this treaty because doing so is in their own interests.
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One of the points of pro-EU was that together one stands stronger and that they have did so now makes me like the EU a lot more because it shows that its interest is in the people and not in corruption (partialy, yet or both).
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How can the EU screw with the grain market in Africa?
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Some are smart enough to realize that it is in their self-interest to look after the interests of their friends and neighbors.
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As a US citizen living under this government, I agree fully. It has taken on a life of its own that is miles away from serving the will of the people as it was intended to.
I'm glad that the EU is taking steps to bind the beast. Those of us living in this country need to start large-scale protests over all the bullshit that's been dumped on us citizens and increasingly the rest of the world, and we need to get the rest of the populace to retake the mantle of The Public and the responsibility that it entail
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In order for getting a number of people to reach critical mass for a protest, or a multitude of protests, one must first make sure that rich education reaches the critical mass first. That's going to be a hell of a job... And by education I do not mean a bunch of YouTube videos that scream "You see?!?!"...
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PS: And by protest I meant succesful/meaningful protest
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No, as useful as the Internet is, few will be convinced by a YouTube video. The best way to inform people is still face-to-face dialogue--that way any questions or objections they have can be answered. You're right, it's not going to be easy, but if enough people take up the task it is doable. Even if I end up being wrong about that, it is in my opinion a worthy use of my time.
Re:Who let US out of the playground again? (Score:5, Interesting)
I like the fact 'the US has threatened to withhold cooperation on terrorist intelligence if the bank data deal now in place is cancelled'.
At the Munich security conference today they stated that this data is important and it already helped stopping attacks...
EU politicians would like some evidence of this... ...since the 'US cooperation' so far has never led to them actually give any indication of this.
Strange kind of cooperation...
I'm kind of siding with EU politicians who say that this has already opened the door to some degree of industrial espionage, when the US can trace what kind of money flows exist between various companies.
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And I mean the US government, including the whole political system, but not all people living there.
What? You probably shouldn't trust us regular folks. We eat babies over here, you know!
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Yes, very funny.
But in fact, "Think about the children" is what stirs you regular folk.
Re:Who let US out of the playground again? (Score:5, Insightful)
This US citizen agrees whole-heartedly.
"The US has threatened to withhold cooperation on terrorist intelligence if the bank data deal now in place is canceled..."
One would think that if combating terrorism was truly a US priority, the administration would continue to share terrorist intelligence regardless of what the EU does and instead threaten to withhold chicken wings, or iPhones, or Big Macs, or something else NOT security related.
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"One would think that if combating terrorism was truly a US priority, the administration would continue to share terrorist intelligence regardless of what the EU does and instead threaten to withhold chicken wings, or iPhones, or Big Macs, or something else NOT security related."
The US under both Bush and Obama have already made this threat before, to Britain, when British courts wanted to release some intelligence documents that proved US and possibly British agents were guilty of torturing a British citiz
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This is a great thing. US has no fucking business to our banking data or any other thing.
Or at least if they want this data then obviously they must share all US banking data with us in the spirit of cooperation.
One sided data sharing is out of the question.
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I recommend moving to Switzerland. As long as you can limit the alcohol drinking... ;)
They are not in the EU, it’s warmer, the food is better, the scenery is beautiful, they have a great air force, and nobody is going to put the country under pressure, that has all his money, anyway. ^^
Plus, you get a (partially?) direct democracy with referenda. Which is the most valuable of all properties.
Re:Who let US out of the playground again? (Score:4, Insightful)
I recommend moving to Switzerland. As long as you can limit the alcohol drinking... ;)
They are not in the EU, it’s warmer, the food is better, the scenery is beautiful, they have a great air force, and nobody is going to put the country under pressure, that has all his money, anyway. ^^
Plus, you get a (partially?) direct democracy with referenda. Which is the most valuable of all properties.
Yeah, I hear it's a great place to live if you're a white, christian, non-slavic person of northern european descent with a lot of money.
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Yeah, I hear it's a great place to live if you're a white, christian, non-slavic person of northern european descent with a lot of money.
So, it's a kind of a European reservation for a minority, then?
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Though not necessarily to be tax resident in.
Phillip.
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it’s warmer
Than where? Greece? Southern Spain? Don't think so.
the food is better
If you can live on a diet of cheese and chocolate. Would you happen to be American?
the scenery is beautiful
I'll give you that one.
Re:Who let US out of the playground again? (Score:4, Funny)
the scenery is beautiful
I'll give you that one.
There aren't a lot of places where you can even see the scenery, with all these fucking claustrophobia inducing mountains blocking the view
Re:Who let US out of the playground again? (Score:4, Interesting)
This is a great thing. US has no fucking business to our banking data or any other thing. The fact that US also did this secretly against a Belgian company is just outstanding and shows the level of hypocrisy going on (just like China secretly accessing Google's data anyone?!)
Now if they just would get UK out of EU it would actually be quite an intelligent organization.
The thing that amazes me is that the EU denies because of privacy concerns and then the US tries to negotiate (sometimes called 'blackmail') the deal by withholding intelligence on terrorism!
And so the issue is quite clear. Give up your privacy else the US will not try to help prevent terrorism despite the US's declaration of a war on terror and its facade of integrity to 'do its best' in that effort.
I am sincerely bothered that a nation so 'right' about terrorism and its purposes of fighting terrorism, would not do everything possible to prevent it, and would deliberately NOT fight terrorism for petty political purposes.
And the US wonders why people around the world hate them... It's scary that the rest of the world sees the difference between the words and the actions but the democratic voters of the US are largely unaware. I guess this is partially due to the fact that American Politics are so bipartisan that the focus of questions is on the party and not of the sum of the whole. Thus they have news that relates to how one candidate might be wrong, or another might be corrupt, but none that truly reflects upon or questions the actions of the nation as a whole.
It isn't a conspiracy theory to say that major media in the US is in cooperation with its corporations and lobbies to make more money; the connections are clear and publicly available. It isn't any stretch of imagination to think that a corporate news source that is directly connected to other forms of business would skew its facts and present information that in ways that would benefit its business. Such wide-scope congolmerate-corporations are complete enemies to truth and competition; the extended shame of it being that the GOP, the party whose members vote to retain small government and market competition continually elects leaders/lawmakers that do not do so and bend over quite easily to corporations.
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"Now if they just would get UK out of EU it would actually be quite an intelligent organization."
Haha, no chance.
Considering the level of expenses that an MEP gets, you'll never be rid of UK politicians. ;)
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The funny thing is that the terrorists (that the US cares about) are only attacking the US and those who collude with the US. A refusal to cooperate with the US is likely the safer position to take. The only information about terrorists the US is going to withold is that which concerns any danger that countries incur by continuing relations with the US.
Catch-22 ... (Score:3, Interesting)
Reciprocity is easy to understand: it isn't there in the current agreements. As in: the US can look at any financial transaction in the EU it likes, the EU cannot do the same thing with financial transactions in the US. If I were on a EU committee like the one described, I'd nix any data-sharing agreement on that ground alone. Can you imagine the US allowing a foreign power to rifle through its citizen's private financial records without gett
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Thankfully the Lisbon Treaty serves for something, even if it has downsides. It also gave the Pirate Party its second seat [torrentfreak.com].
Re:Who let US out of the playground again? (Score:5, Insightful)
Yes, it's quite bizarre that we're being protected from our own governments by the EU. And yet this is what is happening. Even in other areas this is the case such as Human Rights, Animal Welfare and Envrionmental Standards (I'm not talking global warming in the last one, I'm talking chemical emissions, water pollution, etc). I dislike large government on principle, yet for the EU, it's working out better than our national ones. I've been to the EU parliament as well. And quite frankly, even though its remit is larger, it comes across even in its architecture and fittings, as more in touch and open than the UK parliament and offices.
End of Technology Euphoria (Score:5, Insightful)
I think we are finally beginning to see some of the endings to the technology euphoria that have developed over the past 20 years. As technology and the internet improved and people discovered all of these extra amazing ways to make different processes more efficient, it's becoming more and more obvious that certain processes simply should not be efficient. This includes government ability to collect data as well as corporate ability to do the same. When it's harder to do, it's fine because it doesn't have as strong of an effect and the mere difficult limits its use. The easier it gets the more often it will be abused or over-used because it's possible.
Essentially, just because we can build this network, doesn't mean we should. I'm giving a big nod of the head to the EU over this one.
Technophoria vindicated. (Score:2, Interesting)
I think we are finally beginning to see some of the endings to the technology euphoria that have developed over the past 20 year.
Frankly, I think the political and other events of the last decade have vndicated technophoria completely. Our democracy, in the United States, is stronger than it has ever been in our lifetimes. This is a golden age for the people to have a voice and it should be held up in history as such.
We are living through the best of times, and the choices we have before us, about increas
Re:Technophoria vindicated. (Score:4, Insightful)
Everyone has a voice, but nobody is heard. Our democracy amounts to the tiniest share of a choice between two similar groups of people who end up doing similar things. More and more laws are passed, resulting in an ever-narrowing box within which we have "freedom". Golden? I think not; gold does not tarnish.
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We are free to vote for whomever we want. There are still other parties on the ballot. The fact that the people in this country refuse to vote for anyone that isn't part of one of the 2 major parties is ultimately their own fault.
It also doesn't help that we really don't get any good candidates running, regardless of party. Come up with your own theories of why this might be.
your cynicism plays into the hands of the powerful (Score:2)
I can tell you're not very realistic. Good luck with that.
Your cynicism is what gives the powerful their power. Ultimately, you've decided that you aren't a big fan of the system, but, its not so bad that you would actually get off of your rear and do something about it. Fortunately, on all political stripes, left or right, there have been people in the USA that have done exactly that.
Re:Technophoria vindicated. (Score:5, Insightful)
Our democracy, in the United States, is stronger than it has ever been in our lifetimes.
I'm sorry to say you're wrong. Democracy is about one (wo)man one vote, not about one lobbyist one vote, or one corporation one vote.
The US of A recently crossed the thin line between democracy and democrazy, read the NY Times article: http://economix.blogs.nytimes.com/2010/02/02/corporation-says-it-will-run-for-congress/ [nytimes.com]
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Limiting the fictional person's rights does not limit real persons' rights.
Come on, Lisa Simpson has had her human rights upheld against pr0n pictures being made of her, why shouldn't all fictional characters have human rights?
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Just apply the rules that grew over centuries and make adjustments in the same spirit and only after a good case was made.
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Essentially, just because we can build this network, doesn't mean we should. I'm giving a big nod of the head to the EU over this one.
You misunderstand. This has nothing to do with fighting terrorism or protecting privacy, but everything to do with tax evasion. As long as the US has official, legal access to European banking data, it's a lot less safe for American tax evaders to use Europe based banks to keep their unreported money.
The US will obviously still have access to all this data via unofficial channels, for use in counter terrorism, but I doubt that illegally obtained data could be used in court to prosecute a tax evader.
Much better that this data... (Score:1, Insightful)
...only be available to European governments.
Re:Much better that this data... (Score:5, Informative)
Well... Yes, frankly.
We have stronger data protection and personal privacy laws in the EU than those in the US seem to have, and just as important, people here seem to be generally more aware of the need for data protection and privacy after a string of high profile screw-ups. Both governments and businesses do get slapped down from time to time for trying to go too far.
The balance is still too far in favour of the data miners, and I think as time passes and the consequences become more apparent we will see popular opinion sway further toward protecting privacy. But even today, it's paradise here compared to the US, where even if there are legal safeguards, the executive and intelligence agencies are demonstrably willing to ignore them and then invoke special privilege crap to cover themselves after the fact.
Bottom line: Why the hell should EU-level bureaucrats kissing US ass give away sensitive data to the US when our laws would normally prohibit such action? Answer: because the unelected guys pushed it through literally within their final hours with that authority, knowing that as soon as the Lisbon Treaty took effect and elected MEPs started to get more power they wouldn't get away with it. The MEPs are now doing their job and fixing this problem.
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They were all appointed by democratically elected governments.
So whoever has issues with the action taken should go to their own national representative.
Or do you want to have an election for every clown in office?
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Poland thought they were going to get the favour of the USA when the missile defence systems were going to be sited there. The moment the US switches foreign policy from sabre-rattling at Russia to appeasing Russia (due in no small part to increasing tension with Iran), the USA dropped Poland like a hot potato. Well it's not all bad - when I say "Poland" I was referring to the government there as most of the people as I understand it didn't want the missile defence systems sited in their country in the fir
Elect every clown in office? Not such a bad idea. (Score:2)
Sorry to bust your (probably British) bubble but there was nothing unelected about the guys that tried to sell us out.
They were all appointed by democratically elected governments.
Appointed, not elected, yes.
Democratically elected governments? Not here in the UK, that's for sure.
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Just because you don't agree with it doesn't make it undemocratic.
Irrelevant. You can draw no inference - up or down, red or blue, for or against - about the views of those who do not vote. While apathy is bad in and of itself, the only logical thing to do is to treat them as invalid data and ignore them.
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Hint: learn some reading comprehension before making a cunt of yourself in public.
I'm perfectly aware of that. Where did I say otherwise?
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I thought we were talking about the system, not the result?
Don't see the relevance at all. All of the UK votes in a UK general election. All of it.
What you did is selected a specific region to support your party political
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I thought we were talking about the system, not the result?
We are, but I don't see how you can argue that a system that results in laws being passed that don't have popular support is democratic by any definition of term.
All of the UK votes in a UK general election. All of it.
Some parts of it get more votes than others, though. Scottish voters get to vote for Westminster MPs, who can then vote even on matters that only affect English people because the relevant powers are devolved in Scotland. In contrast, English people do not get to vote for a representative in the Scottish Parliament. Ditto for Wales, and to some ext
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The number of Scottish MPs was reduced from 72 to 59 following the establishment of the Scottish Parliament, in order to bring us more in line with the average. Scots make up about 8.6% of the population, and we're represented by 9.1% of MPs.
We're still over-represented to the tune of 3 MPs; 56 would bring us closest to the correct proportion. The sparsely populated areas of Scotlan
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Nice ad hominem there.
It makes no difference who does the appointing - or whether they got there by election, heredity or drawing names from a hat. Appointed != elected.
Perhaps you should refrain from making cheap nationalistic insults and learn some logic?
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The British system where the government is made up out of regionally elected MP's is not the only democratic system.
As a matter of fact it stinks, just look at another comment here about the 22% of the electorate that was enough to bring Blair to power.
In most of Europe only the MP's are directly elected and they control a government made up of appointed officials.
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Nobody said it was. What YOU said was that the property of being elected is somehow transferable - that being appointed by an elected person is the same as being elected. That's bullshit. If I'm baptized by a priest that doesn't make me one.
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> > In most of Europe only the MP's are directly elected and they control a government
> > made up of appointed officials.
> You mean the civil service? We have one of those, but there's some debate about who controls whom.
No, he means the government, i.e., the executive: all ministers, the president, chancellor if one has them. In most European countries the executive branch is not elected, not even the president, but appointed by the parlament. Just as the EU commission members are appointed,
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Most European democracies elect a parliament and the parliament appoints a government which does not (at all) have to be made up out of members of the elected parliament.
So the way the European Council is made up is entirely democratic, these guys have to answer to their national parliaments and since the Lisbon Treaty also to the MEP's.
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The thing is, even with the bad areas here, at least we tend to tell our government and police/security services to shove it when they step over the line, and things usually get toned down to more reasonable levels once the initial hype behind the latest draconian measure has died down. See, for example, the way that ID cards have almost completely dropped off the political radar lately, recent public concern over the virtual strip searches being rolled out at airports, the actions of people in recording an
withhold cooperation on terrorism!!!!?? WTF!!! (Score:1)
Isn't the US the one that got attack the 9/11 or I got it wrong? Is it the US then the one interested in a withhold information war? Does not sound like a smart threat unless the plans US to ban every flight coming from Europe... Those kind of threats shows politicians have little class and less brain.
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It's one of those things politicians will pull out as a card against other politicians so they couldn't say anything against it. "So you do not want to fight against terrorism then?" "So you aren't interested to protect our children?"
Works good against US politicians, but at least we still have EU politicians who see it's a totally irrelevant issue and not a reason to drop all privacy laws.
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Generic newspapers:
USA Hold Free World at Gunpoint, Demand Bank Data for Continued Safety
USA Withholding Terrorism Data Until Demands are Met
Big, reputable papers:
America's Deadly Game - how Uncle Sam tr
Re: withhold cooperation on terrorism!!!!?? WTF!!! (Score:5, Insightful)
In the mean time don't be a moron, Europe has just as much to gain by effective anti terrorist intelligence as the rest of the civilised world.
But there was nothing civilised or intelligent about the SWIFT treaty as it stood, it was utterly one-sided.
We cannot avoid having learned from the stupidities in international politics the Bush-era has bestowed on the world, there were no safeguards what-so-ever the data was going to be used for purpose.
When the US government can make a case sharing of European banking data is going to help all sides in our joint fight against violent and criminal zealots of any description I'm sure they could win the support of Europe.
Because the UN includes some rather nasty members I won't go so far as to suggest a UN institute should do the intelligence but an international body is the only reliable way to handle such sensitive data.
We all remember what happened when a European delegation was in China to sign off on an important Airbus contract and a US company could out of the blue undercut the price.
Banking information is sensitive!
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When you're on the receiving end of an attack it doesn't matter much what triggered the terrorist, be it US policies or the guy's wife that ran off.
Better start watching more than American Idol :)
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Last time someone tried to blow up an airplane was not in Europe (despite the guy flew first here with the bomb and he didn't try)
So only Americans are on planes between the US and Europe? Did a bunch of people jump off when they hit the Atlantic so it would somehow make a difference that he did it over Detroit and not over Amsterdam?
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And please stop speaking about "We here" when you are spreading such nonsense.
It's about time! (Score:2, Insightful)
Not that I trust my government but at least they are my government. It's obvious that the EU does not really care about data from European citizens going to the US but our international firms do. And further it's quite simple: not one bankrecord from the US went to Europe while all bankrecords from Europe went to the US. And that has to get even now.
Sorry, that is completely wrong (Score:4, Informative)
At the moment, only a committee of the European Parliament voted against it in a test ballot. The real ballot is on Thursday next week. Up to then, the US American administration (including the US ambassador to the EU and Hillary Clinton) put pressure (including various legal and illegal threats) on the Members of the European Parliament to change their mind. They were already successful insofar that the ballot was moved from Wednesday to Thursday. And as I consider the European politicians as corrupt and ready to betray the basic rights of the European people in order to gain more control over them, I guess the Americans will be successful in getting their SWIFT treaty exactly as they want it.
Re:Sorry, that is completely wrong (Score:4, Interesting)
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...which I think is a good thing since the EP is accountable to the citizens
Only if the citizens hold them accountable. And it's long past time to hold the citizens accountable for the politicians they elect.
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But it did help put the issue on the agenda with MEP's that would otherwise have paid little interest.
Now lets hope they get a taste and look further, for example at the demands re. passenger data on flights to the US.
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Re:Sorry, that is completely wrong (Score:5, Insightful)
Member states are bound by EU law. They cannot legally enter into bilateral agreements instead. In any case a divide et impera won't happen, it is too complicated. Diplomates are bound by a code of conduct. Proliferation of financial data is espionage, for officials without a legal base treason. SWIFT is a private company.
The procedure is wrongly depicted: "At the moment, only a committee of the European Parliament voted against it in a test ballot. The real ballot is on Thursday next week." The responsible committee and the rapporteur discuss it and then submit their report to plenary for adoption. Their report says "sorry, we cannot accept the agreement."
The European Parliament is pissed for another reason: The Council concluded the agreement one day before the entering into force of Lisbon. The Council adoption was an affront on Parliament competences.
US administration directly lobbying the European Parliament members contravenes the diplomatic protocol.
reasonable request, but... (Score:3, Insightful)
Trade ya some lives for a bank account. (Score:3, Interesting)
Not quite (Score:5, Informative)
--- Problem ---
--- Process ---
---- Scenarios and options ----
A rejection is currently likely. See the debate and voting timetable at Seance en direct [europa.eu].
---- Documents ----
Council Decision 2010/16/CFSP/JHA of 30 November 2009 on the signing, on behalf of the European Union, of the Agreement between the European Union and the United States of America on the processing and transfer of Financial Messaging Data from the European Union to the United States for purposes of the Terrorist Finance Tracking Program - Agreement between the European Union and the United States of America on the processing and transfer of Financial Messaging Data from the European Union to the United States for purposes of the Terrorist Finance Tracking Program [europa.eu]
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* Europeans get nothing in return for the transmission of their sensitive data
Seems to me you can't blackmail people who don't actually want something.
Do you seriously think Americans give a damn what Europeans or European diplomats think of Kennard?
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Yes, I do.
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The reason why it is foolish of the US to make much fuzz: There are other, similar transatlantic agreements ahead such as PNR.
Is it a two-way thing? (Score:2, Interesting)
I wonder whether the Federal Reserve + CHIPS systems, through which similar transfers are cleared in the US, share pertinent data with EU governments?
Re: (Score:2)
The news about the SWIFT treaty included bits about it being completely one-way.
Tyrants (Score:2, Insightful)
"The US has threatened to withhold cooperation on terrorist intelligence if the bank data deal now in place is cancelled" - US threatening Europe. Now, someone's crazy here. And it's not Europe (see also: software patents).
Familiar tactics (Score:5, Insightful)
So, the US government has terrorist intelligence in its power, demands access to European bank data and threatens to cut off the cooperation on terrorist intelligence (which may result in death of many people*) if its demands are not meat.
This is a well-known tactics used by several smaller organizations and groups around the globe. Can't recall the name of a prominent one though... Al-Qsomething...
* I don't believe that US' intelligence is useful (e.g. WMD), nor do I believe in terrorism fear-mongering, nor do I want to give up my rights for this -- free society has a price which I am ready to accept.
remember the Marshall Plan... (Score:3, Insightful)
...which was merely a way for the US to quickly expand its markets into a war torn Europe while busting unions to keep labor cheap and subverting at all costs to keep capitalism expanding - not only did the US make money on WWII but it made even more by 'rebuilding' Europe and installing our corporations and military everywhere it could
rsspect (Score:3, Interesting)
NOT!
They threaten Europe with not sharing terrorism related information.
So we expect a false flag soon?
hope for change (Score:2)
Re: (Score:3, Informative)
I miss the apologies of the US for stealing data from a foreign, but friendly country!
I miss the clear statement that such data sharing is mandatory bidirectional!1
And I would like to have the same transparency about US state Delaware's mailbox-companies financial transactions!
I forgot who said it, but a politician once said "there are no friendly countries. Only countries whose interests are currently aligned."