Reason.com - Free Minds and Free Markets
Reason logo Reason logo
  • Latest
  • Magazine
    • Current Issue
    • Archives
    • Subscribe
    • Crossword
  • Video
  • Podcasts
    • All Shows
    • The Reason Roundtable
    • The Reason Interview With Nick Gillespie
    • The Soho Forum Debates
    • Just Asking Questions
    • The Best of Reason Magazine
    • Why We Can't Have Nice Things
  • Volokh
  • Newsletters
  • Donate
    • Donate Online
    • Donate Crypto
    • Ways To Give To Reason Foundation
    • Torchbearer Society
    • Planned Giving
  • Subscribe
    • Reason Plus Subscription
    • Print Subscription
    • Gift Subscriptions
    • Subscriber Support

Login Form

Create new account
Forgot password

Politics

Billions of Dollars Worth of Trade at Risk Because of Global NSA Allegations

Europeans not happy about reported snooping

Reason Staff | 10.30.2013 4:40 PM

Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

BRUSSELS—The backlash in Europe over U.S. spying is threatening an agreement that generates tens of billions of dollars in trans-Atlantic business every year—and negotiations on another pact worth many times more.

A growing number of European officials are calling for the suspension of the "Safe Harbor" data-sharing agreement, which is vital to more than 4,200 American companies doing business in Europe, including Apple, Google, Facebook and Amazon.

Revelations of the extent of U.S. spying on its European allies is also threatening to undermine one of President Barack Obama's top trans-Atlantic goals: a sweeping free-trade agreement that would add an estimated $138 billion (100 billion euros) a year to each economy's gross domestic product.

Start your day with Reason. Get a daily brief of the most important stories and trends every weekday morning when you subscribe to Reason Roundup.

This field is for validation purposes and should be left unchanged.

NEXT: NSA Finds Way to Bypass FISC Overseas, Putin Pushes Obama Aside in Power Rankings, Arpaio Wants Drones: P.M. Links

Reason Staff
PoliticsWorldCivil LibertiesEconomicsPolicyNSAEuropePrivacyFree TradeGlobalization
Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

Show Comments (0)

Latest

Trump Orders Strike on Suspected Venezuelan Gang Boat in Caribbean

Diego Berrizbeitia | 9.3.2025 6:00 PM

Trump and Biden Tried To Break Up Google. Now, They've Both Failed.

Jack Nicastro | 9.3.2025 5:00 PM

FDA Official Pressures YouTube Into Removing a Channel For Posting His Own Vaccine Comments

Joe Lancaster | 9.3.2025 4:00 PM

The 5th Circuit Rejects Trump's Invocation of the Alien Enemies Act

Jacob Sullum | 9.3.2025 3:05 PM

More Age Verification Fallout: Artist Blogs Blocked, Porn Data Leaked, Traffic Boosts for Noncompliant Sites

Elizabeth Nolan Brown | 9.3.2025 1:38 PM

Recommended

  • About
  • Browse Topics
  • Events
  • Staff
  • Jobs
  • Donate
  • Advertise
  • Subscribe
  • Contact
  • Media
  • Shop
  • Amazon
Reason Facebook@reason on XReason InstagramReason TikTokReason YoutubeApple PodcastsReason on FlipboardReason RSS

© 2025 Reason Foundation | Accessibility | Privacy Policy | Terms Of Use

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300