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Swift will no longer give data on European transactions to US investigators (Photo: SWIFT)

Ripples of discontent as MEPs reject US bank data deal

The European Parliament on Thursday (11 February) rejected a bank data deal with the US that would have allowed American investigators to track European transactions in the search for terrorist funding. The US qualified the vote as a " serious setback" to EU-US counter-terrorism co-operation.

The deal was rejected by a large majority: 378 MEPs voted in favour of scrapping the agreement, with 196 against and 31 abstentions.

EU lawmakers called for a better deal, which should inclu...

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Swift will no longer give data on European transactions to US investigators (Photo: SWIFT)

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