European Union denies US snoops access to electronic banking data

[7redorbs]

A U.S. push to legally access data
generated by Europe's electronic banking activity has been rebuffed by EU lawmakers in a vote of parliament, according to published reports...

U.S. diplomats in Brussels called the move 'a setback for U.S.-EU counter-terror cooperation,'" Dow Jones Newswires noted.

The U.S. National Security Agency (NSA), however, have been examining Swift data since 2001, even without EU permission. When this fact was revealed in 2006, the U.S. was threatened
with sanctions.

Of course what is not said (by either parties) is that this information could be abused...

doh.

A

European Union denies US snoops access to electronic banking data | World News |Axisoflogic.com

[outlander]

I'm sure they can access whatever data they want regardless. Whether it is by sophisticated hacking or just buying off lab techs that work on the banking networks. Sounds like they were trying to go the legal route first. Just amazing all the resource that goes into this 'war on terror'.