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European Parliament - 12-Feb-2010

European Parliament rejected an agreement with the US on sharing data.

The European Parliament has rejected an agreement with the US on sharing bank data, snubbing appeals from Washington for help in counter-terrorism investigations. The move is seen as underlining expanded powers the Parliament gained under the Lisbon treaty.
A nine-month interim agreement went into force provisionally at the start of February, but deputies from the assembly's Liberal, Socialist and Green groups opposed it on the grounds it failed to protect the privacy of European Union citizens. The US will now have to seek other ways to access information on money transfers in Europe until it can negotiate a permanent agreement with the EU. - RTE
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