Earlier the Belgian SWIFT concern got into a muddle by stating that it had allowed the U.S. access to SWIFT transfer information based on warrants issued by the U.S., but refused to show the EU which warrants had been issued. They basically just maintained they had done nothing wrong and that was that.
Now it seems the U.S. has been monitoring SWIFT traffic for some time – sifting through all international payments in the hope of finding terrorists. Now I don’t remember giving the U.S. (or anyone else, for that matter) permission to sift through my private money transfers, and the E.U. is looking into the legality of the system.
Of course, the E.U. is going to roll over and not get anything done, but it’s nice to know that at least they’re concerned about our personal privacy – especially against the more and more dictatorial republik der Amerika.