from -democracy now

European Lawmakers Reject Financial Data-Sharing with US

The European Parliament has voted to end a controversial data-sharing program that’s allowed the US to monitor millions of international financial transactions. The records have been obtained through SWIFT, which directs trillions of dollars in international bank transfers each day. The program has been accused of violating privacy rights since coming to light in 2006. On Thursday, European Union lawmakers voted 378 to 196 to reject a proposed extension of the program negotiated between European Union leaders and the United States. The Obama administration had lobbied heavily for the deal, with top officials including Vice President Joseph Biden, Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner making a series of phone calls to European officials and parliamentarians.

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