The EU: Somewhere Between the Beginning and End

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The European Commission finalized a draft of a banking data-sharing agreement with the U.S. today. The draft will now be presented to the European Parliament and the heads of state meeting for final approval before taking effect. A similar deal was torpedoed by the EU parliament in February due to concerns over privacy infringements. In a nod to parliamentarians’ concerns, the new agreement includes conditions to limit shared data to information related to ongoing terrorist investigations and to forbid data mining. This is the first significant example of the EU parliament’s expanded powers under the Lisbon Treaty. I remain convinced […]


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