The SWIFT agreement ratified: the Parliament has approved the agreement between the EU and the US on transfer of data regarding the financial transactions of EU citizens. The House had rejected the initial form of this agreement earlier this year, but has now agreed to its amended form that provides additional guarantees aimed at ensuring the proper use of the data by the US authorities, such as the delegation of a special EU official to Washington to supervise these operations.
The legislative resolution was supported by an EPP+S&D+ALDE+ECR majority, while the Greens/EFA and the radical left – GUE/NGL have opposed it. Also on the opposing side were the British members of the EFD group, as well as 2 Italian ALDE MEPs, and a small number of German MEPs of the EPP and S&D groups. Notably, the ALDE and S&D groups, after they have rejected the initial agreement in February, have now voted in favor of the amended form, considering that this new deal provides the right balance between the right to privacy of EU citizens and the need to have proper tools to fight terrorism. Continue Reading