The vetoed decree was passed by the cabinet on 8 September and sent to the president for his approval on 23 September.
The law implemented an agreement with the United States and transposed community legislation about the automatic Exchange of financial information about non-residents, but the government decided to expand these rules to residents in Portugal, Portuguese or foreign.
In August, the national data protection commission, when it read the draft law, said there was “unnecessary and excessive restriction of fundamental rights to protect personal data and private life, in a clear violation of the Portuguese Constitution".
The Constitution says that “the law can only restrict the rights, freedoms and guarantees in cases expressly foreseen in the Constitution, and restrictions must be limited to the necessary to safeguard the constitutionally protected rights or interests".
Stuff the USA. They have no right to demand other countries to do their bidding. It is about time the rest of the world stood up to the USA and set up their own international bank payment system, avoiding all US banks. They do not have any moral high ground. They are bankrupt and just use the war on terror to dominate foreign countries. Time to make a stand. Well done for not implementing this appalling law aimed at destroying personal, confidential matters.
By Felipe Pereira from Algarve on 01 Oct 2016, 16:42