The New York Times, June 28, by Charlie Savage
http://www.nytimes.com/2008/06/28/washington/28privacy.html?scp=2&sq=Charlie+Savage+&st=nyt
“The reason it’s a big deal is that it is going to lower the whole transaction cost for the U.S. government to get information from Europe.… Most of the negotiations will already be completed. They will just be able to say, ‘Look, we provide adequate protection, so you’re required to turn it over.'”