Suspension of SWIFT agreement due to NSA surveillance

This procedure concerns the potential suspension of the SWIFT agreement between the EU and the US. The suspension is considered in response to revelations about the US National Security Agency's surveillance activities, raising concerns about privacy and data protection for EU citizens.

The decision impacts electronic money, payments, and cross-border credit transfers. It affects relations with industrialised countries and is linked to actions combating terrorism, highlighting the tension between security needs and fundamental rights.