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[FinancialTimes] Brussels to soften data protection rules

Brussels will be forced to water down tough data protection rules in a move that will come as a relief to tech groups after many of the EU’s member states called for a softer approach to the privacy push.

The climbdown will be welcomed by companies that collect large amounts of personal data, such as Google and Facebook, which have lobbied furiously against the proposed regulation, as well as the US government.

Washington has repeatedly voiced its concern that the rules, which include the power to fine companies up to 2 per cent of global turnover for breaching onerous data protection standards, were targeted specifically at US technology groups.

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http://www.ft.com/intl/cms/s/0/dbf20262-8685-11e2-b907-00144feabdc0.html