Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-01-31-Speech-3-138"
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"en.20070131.20.3-138"2
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"Mr President, as my colleagues have said before, this is not a debate about the shape of the transatlantic relations. Everyone in this House should know that the United States is our strongest ally in the fight against terrorism. But this does not change the fact that if we are partners it makes it easier for us to stand firm and really defend our values and our laws.
I can only echo what my PPE colleagues – especially Mr Radwan – have said: in order for us to really safeguard the respect of the European regulatory framework, we need full information from the Commission and Council on the information that is delivered to the US authorities and how this information is protected by the US authorities. We have to start to negotiate and get an agreement on information exchange which is on a viable basis and which respects the EU laws. If this does not happen, we have to immediately stop delivering any kind of information to the US authorities.
Even after the ECB’s response, I am quite puzzled as to what the role and the responsibility of the ECB is in this case. The ECB itself is subject to the data privacy requirements of EU law, but it does not seem to take any responsibility for what it might have in this information exchange.
I also understand that there is a clear need for the US to track down information on international bank transfers that might have a link to terrorist financing, but these details have a link to other kinds of financing. Our European businesses, especially, might be at risk if we do not act and stand firm. The information that will be given should always be in line with our legislation and protect our citizens and European businesses.
The national financial transfers contain such delicate information that this is really an issue which should be taken seriously by the Commission and by the Council, this Parliament and the US Congress."@en1
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