EP Blocks US Agents Access to Europeans' Bank Accounts

Politics » BULGARIA IN EU | February 11, 2010, Thursday // 14:32
EP Blocks US Agents Access to Europeans' Bank Accounts: EP Blocks US Agents Access to Europeans' Bank Accounts MEPs said the deal negotiated by EU governments provided insufficient privacy safeguards. File Photo

The European Parliament has blocked a key agreement that allows US anti-terror officials to monitor Europeans' bank transactions.

The vote was a rebuff to intensive US lobbying for EU help in counter-terrorism investigations, the BBC reported.

EU governments had negotiated a nine-month deal which would have allowed the US to continue accessing the Swift money transfer system.

But MEPs said the deal provided insufficient privacy safeguards.

Lawmakers in Strasbourg voted 378-196 against the deal, with 31 abstentions.

Last Friday, the European Parliament's civil liberties committee recommended that the full parliament reject the interim nine-month deal between the EU and US.

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Tags: bank data, US terror agents, European parliament

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