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US vice president Joe Biden spoke of the importance of Swift on a visit to Brussels in May (Photo: Valentina Pop)

Sighs of relief as EU parliament approves 'Swift' deal

Top EU and US officials have breathed a collective sigh of relief after the European Parliament approved a new "Swift" deal on terrorism and bank data, closing a six-month "security gap" after it struck down an initial agreement in February.

After squeezing in last-minute concessions from the US side last week, MEPs, as expected, endorsed the new agreement by a large majority in Strasbourg on Thursday (8 July), with 484 votes in favour, 109 against and 12 abstentions.

Under the ne...

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US vice president Joe Biden spoke of the importance of Swift on a visit to Brussels in May (Photo: Valentina Pop)

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