European companies fear US espionage

European companies are increasingly concerned that the US, which is allegedly spying on EU cross-border bank transfers as part of its fight against terror, is also doing this in order to obtain economic data.

It recently emerged that the private Belgian company SWIFT, which manages international payments in the EU, has handed over data to Washington.

The head of German industry association Ludolf von Wartenberg told Handelsblatt "we hear from many sides that these data can also ...