Throw the CEO of SWIFT in Jail
Lock up the CEO of SWIFT exactly like the Americans locked up the CEOs of gambling related companies. You'll see sudden obedience of EU Privacy laws and companies will magically remember their duties to the EU.
Words are worthless with this neocon lot, they're not even abiding by their own laws. EU has to fight our corner or USA will walk all over us.
SWIFT are a natural target, the CEO is EU resident, they broken lots of EU laws, their story is inconsistent (claiming both that they received subpoenas and that they didn't need them because they're not a financial institution).
US citizens are also protected by the 'right to financial privacy act' which blocks fishing expeditions and requires a letter is sent to anyone whose records are handed over to security agencies to inform them of the fact. (1112b).
"(b) When financial records subject to this title are transferred pursuant to subsection (a), the transferring agency or department shall, within fourteen days, send to the customer a copy of the certification made pursuant to subsection (a) and the following notice"
There's also no doubt SWIFT come under this law, it specifically includes AGENTS of financial institutions, which is what SWIFT is.
"SEC. 1103. (a) No financial institution, or officer, employees, or AGENT OF a financial institution, may provide to any Government authority access to or copies of, or the information contained in, the financial records of any customer except in accordance with the provisions of this title. "
SWIFT are up to their neck in it and if they don't get prosecuted then who will? What happens when banks are sending EU leaders bank records to USA. What happens when hospitals are sending medical records for Europeans to USA? ISPs logging and sending emails to USA? They'll point to the SWIFT case, and it will be far more difficult to prosecute them.
Still happy with the USA? What happens when they're sending info to China under pressure of the Chinese? Or Russia under pressure from the Russians? These large corps operate in many markets and if they cave to one countries pressure, they'll cave to others too.