Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-21-Speech-3-125"
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"en.20100421.5.3-125"2
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"Mr President, Mr López Garrido, Mrs Malmström, I wish to congratulate the authors of the motion for a resolution on the conclusion of the agreement between the United States and the European Union on the transfer of financial data to combat terrorism. This resolution reiterates, in a balanced way, not only the requirements in terms of security but also the guarantees that the data of European citizens will be protected and that their fundamental rights will be respected.
As such, I believe that appointing a European public judicial authority to be in charge of receiving the requests issued by the United States Treasury Department is the key to the balanced approach we are looking for. Indeed, it will help overcome the many obstacles to the principles of necessity and proportionality that have emerged, in particular, in the case of bulk data transfers.
It would also pave the way for the introduction of genuine reciprocity; in other words, it would be possible for the European authorities and the Member States’ competent authorities to obtain financial data stored on US territory. It is our credibility that is at stake here. The SWIFT agreement is a kind of democratic test that we are all duty-bound to pass for the good of our fellow citizens."@en1
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