An eleventh hour data transfer "political agreement" has been reached between US and European Union officials, just as privacy watchdogs in the 28-member-state bloc were circling tech giants with the threat of enforcement action.
The European Commission's vice president Andrus Ansip—perhaps mindful of keeping national data regulators from the Article 29 Working Group at bay—said during a press conference on Tuesday afternoon that a framework agreement was now in place.
What that means, in practice, is that the Commission has negotiated some breathing space to strike a deal with the US.
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