EU SWIFT Vote Ends Bank Data Sharing
This is quite possibly one of the best things I’ve heard come out of the EU in some time and yet has been woefully under-reported:
The European parliament rejected an agreement on sharing banking data with the US yesterday, delivering a potential setback to long-running US efforts to track down terrorist financing.
Citing concerns about European citizens’ privacy, the parliament voted to scrap a deal that would have given the US continued access to data compiled by Swift, a co-operative that handles interbank money transfers.
The move means that for the first time since the September 2001 attacks, the US will not have access to large parts of the Swift database, which includes information from more than 8,000 financial institutions globally.
Crucially in this vote it was the Liberals (ALDE) who helped sway the vote in favour of our right to privacy. We should be very proud of the role LibDem MEPs played in ensuring this result. The end result was 378 MEPs voting to block the data sharing and 196 voting in favour of it’s continuation with 31 abstentions.
One has to wonder at the sheer nerve of the US:
The US had lobbied hard to keep the data flowing, with Hillary Clinton, the secretary of state, and Tim Geithner, the Treasury secretary, both contacting Jerzy Buzek, the parliament’s president, in an attempt to sway the vote.
The US Treasury had previously obtained the data through repeated subpoenas sited on US soil, but a decision by Swift to move key computer servers to Europe from last month means Washington must now persuade the EU to hand over the data voluntarily.
EU governments agreed, on an interim basis, to continue co-operation last November. Though some had reservations, most were swayed by US arguments that the Swift data led to valuable intelligence that could prevent terrorism in Europe.
No matter how the US try to spin this, it is a victory for the little people against the state. The US demands were grotesquely disproportionate to the threat posed by terrorism. Dutch Liberal rapporteur Jeanine Hennis-Plasschaert explained:
“If the US administration proposed something equivalent to the Congress – transferring in bulk all banking data on American citizens to a foreign power - we know what they would say”. In other words, the agreement provides for no reciprocity for the EU.
I have just returned from happily linking “s-turns” on the slops of the French Alps. Whilst I was there I had the opportunity to speak to a couple of French girls my own age, who were, to my surprise, as politics mad as I am. After discussing everyone from Obama to Sarkozy and letting them know my disdain for the EU’s Common Agricultural Policy, it was time for lunch.
The fact of the matter is that the
Courtesy of
The view in the more hysterical reaches of the Eurosceptic press is that Tony Blair is heir apparent to become President of the European Council should the Lisbon Treaty be ratified. This fits a neat narrative for those on the Right who wish to warn Cameron that Lisbon is roughly synonymous with Armageddon. Tony Blair is the only man in three and a half decades to have successfully challenged - indeed, reversed - the electoral ascendancy of the Tory party. He is feared, respected and reviled by Conservaties in about equal measure.
Tory splits over Europe aren’t what they used to be. Nevertheless, David Cameron got off to a shaky start to his party’s conference over the vexed issue of a referendum on Lisbon.
Following the last minute surge in the No vote last time round, the pro-Europeans in Ireland are wisely taking nothing for granted as polling takes place today in the “re-match”. But I’m willing to stick my neck out and say that the Yes side will prevail, and with some considerable room to spare (I’m guessing a majority of about 10%). The
Following
The LibDems’ sister party in Germany - the free market, socially libertarian Free Democrats - are the real winners of their country’s general election. Their all-time high vote of 15% - secured on a platform of low tax, less regulation and more personal freedom - has propelled them back into power.
Ranked no. 56 in the UK
Ranked no.6 in the UK