Vote by European Commission’s Civil Liberties Committee Completes Major Step Towards Adoption of EU Data Protection Regulation

By | Inside Privacy | October 21, 2013

In a historic vote today, the leading parliamentary committee on the European Commission’s proposed General Data Protection Regulation, the Civil Liberties Committee (“LIBE”), adopted all compromise amendments put forward to the Commission’s original proposal.

EU Parliamentarian Releases “Highlights” of Data Protection Amendments

EU Parliamentarian Releases “Highlights” of Data Protection Amendments

On October 17, Jan Albrecht, rapporteur to the EU Parliament’s Committee on Civil Liberties, Justice and Home Affairs (“LIBE”), issued a release in which he claims that “Edward Snowden and the PRISM scandal laid the ground” for including a prohibition against telecommunications and Internet companies transferring data to other countries’ governmental authorities unless otherwise permitted by EU law.

European Sovereign Debt and the Clogging of the Banking System

By | CrunchedCredit | October 16, 2013
European Sovereign Debt and the Clogging of the Banking System

Jens Weidmann, president of Deutsche Bundesbank, recently wrote a terrific piece in the Financial Times, making the point that the Faustian bargain between European sovereigns, their national banks, the ECB and EU policymakers to encourage European banks to gorge on sovereign debt may be politically attractive in the short run while being fundamentally a horrible idea.