Don’t these conditions sound reasonable, conditions for sharing SWIFT financial transaction data with the United States for anti-terrorism purposes:
On the issue of bank data transfers, Parliament argues in a resolution adopted by show of hands, that bulk data transfers infringe EU legislation. It urges the Council and Commission to “address this issue properly in the negotiations”. In addition, the new agreement should include “strict implementation and supervision safeguards, monitored by an appropriate EU-appointed authority” on the day-to-day extraction of and use by the US authorities of all such data. The maximum storage period must not exceed five years and the data may not be disclosed to third countries. [MEPs] believe that “the option offering the highest level of guarantees” would be to allow for the extraction of data to take place on EU soil, in EU or joint EU-US facilities. In the medium term, an EU judicial authority should oversee the extraction of data in the EU. Meanwhile, select EU personnel should take part in the oversight of the extraction process in the USA.
Reciprocity would require the Americans to allow EU authorities to obtain and use data stored in servers in the US.
The scandal was that EU member states agreed before on a deal which didn’t meet these simple conditions as I covered on this blog before. Parliament rejected the previous deal. US VP Biden was yesterday in Brussels and addressed the European Parliament.