Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-21-Speech-3-105"
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"en.20100421.5.3-105"2
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"In February, we refused to ratify an agreement on processing and transmitting data contained in financial reports for the purposes of a US Treasury programme to monitor terrorism. The reasons for the refusal were clearly listed and they include in particular:
breaching the fundamental principles of data protection law for a large number of citizens and subjects of the European Union (up to 90 million data items per month)
the absence of protection for EU citizens against the abuse of their data provided under this agreement to the United States and to third countries, and
the absence of genuine reciprocity, since the other party to the agreement has not undertaken to provide information of similar quality and scope to the EU.
Many of these shortcomings can be eliminated in the new agreement, but the actual principle of a comprehensive transfer of all data from the EU to the US, where the US processes, evaluates and stores all records on EU financial operations without any restriction, under the pretext of looking for links to terrorism, is not tenable.
This tenet must be amended. The financial operations of European banks should be processed only under European rules and on European soil. We will hand over to our friends from the United States only those items that really relate to terrorism."@en1
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