European politicians have demanded that a broad data-sharing agreement between the U.S. and EU be suspended, PCWorld reports. The demands to halt the Terrorist Finance Tracking Program (TFTP) at Tuesday’s hearing of the Civil Liberties Committee follow allegations that the U.S. National Security Agency illegally tapped banking data, the report states. "We have no evidence that they have actually been doing this, but they don't deny it either. So in a way it is irrelevant whether they have used the opportunity so far, because they will continue to reserve that right in the future," said Dutch MEP Sophie in’t Veld, adding she considers the agreement to be “effectively dead.”
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