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EU banking data has been flowing to the US since 2001 (Photo: SWIFT)

MEPs decry 'breach of trust' in EU-US data deal

by Valentina Pop, Brussels,

With the EU's police agency Europol rubberstamping bank data requests from the US and following 'oral orders' from American investigators, MEPs have warned they may block future data transfer deals with the US.

"After reluctantly having given our consent to this agreement, we feel betrayed in reading this report, since it's also about the credibility of the European Parliament and the EU itself," German Liberal MEP Alexander Alvaro said during a parliamentary hearing on Wednesday (16 Ma...

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EU banking data has been flowing to the US since 2001 (Photo: SWIFT)

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