EU and US near deal on confidential data sharing

This story was in some of the Sundays. Here is the EU Observer version. I think it contains the bare facts and a statement about the privacy issue as well as the rights of foreigners to sue in US courts if data is mishandled. Some of the Sunday papers in the UK couldnt decide whether to adopt an anti-EU, an anti-US stance, or both. There are important civil rights issues here, that have implications for data-sharing between EU member states too and a legally enforceable framework is vital.