This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Extensive Covert Surveillance Programme Harms EU Perceptions Of U.S. And Could Put TTIP Negotiations At Risk

Stocks in this article: FCN

BRUSSELS, Dec. 2, 2013 /PRNewswire/ --  These are the headline conclusions of comprehensive comparative studies on attitudes towards data protection conducted by FTI Consulting in the EU and U.S.

  • EU Respondents Split on Suspending TTIP Negotiations Because of Privacy Concerns
  • U.S. Clearly Considered the Main Beneficiary of Big Data and Europeans Say Breaches of EU Data Laws by U.S. Companies Should be Prosecuted
  • Scepticism of Claims Data Collection Results in Greater Security, but U.S. Respondents More Trusting than Europeans
  • Governments Not Trusted to Responsibly Use Data
  • Healthcare Providers and Law Enforcement Agencies Earn Greatest Trust
  • Social Media, Traditional Media and Politicians Seen as Data Pariahs

The recent revelations of extensive intelligence gathering by United States ("U.S.") agencies on the European Union ("EU"), its citizens and governments has harmed EU-U.S. relations, and has dampened Europeans' enthusiasm for the Transatlantic Trade and Investment Partnership ("TTIP"). This is one of the major findings from a survey on data security that canvassed the opinions of 1,536 respondents in the EU and 1,000 respondents in the U.S., conducted by FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value.

FTI Consulting conducted separate polls in the U.S. and the EU. It is important to note that U.S. interviewees were polled from 29 May to 02 June 2013, days before the news of NSA covert surveillance broke, whereas polling in Europe was carried out from 25 October to 28 October 2013, following months of high-profile headlines. In that context, a number of additional questions were included in the EU poll in order to determine attitudes regarding the latest developments and focused on EU-specific angles; otherwise, the same questions were asked in each poll in order to allow for a direct comparison of results.

The bearing of the related privacy concerns on EU-U.S. relations is clearly marked, with an overwhelming majority of EU respondents – a full three-quarters (76%) – believing the data protection issue will impact the EU-U.S. relationship. As a clear example of how the data security issue seems to have shaken Europeans' support for closer ties with the U.S., EU respondents are split over continuing support for the TTIP free trade agreement negotiations, with 49% of EU respondents saying negotiations should be stalled because of the data issue, and 50% saying they should not. These findings reflect some recent calls by senior EU politicians in European media for a suspension of the negotiations.

1 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs