Wednesday, 23 October 2013

Parliament calls for suspension of SWIFT agreement

As we had anticipated, the European Parliament's plenary session has voted in favour of a resolution asking the suspension of the EU-USA SWIFT agreement, after allegations that the American NSA abused of the system to "spy" on European citizens.
The vote was quite tight, with 280 MPs in favour of the suspension, 254 against it and 30 abstentions.
Now of course the question is- what will be the consequences of this (non-binding) vote?

(to be continued)