Germany's privacy leaders gather to discuss suspending US Safe Harbor

""I don't think you can solve intelligence and law enforcement debates with economic legislation," Scott said. "I understand why they are doing that. It seems like the only tool in the toolbox that has a chance of working."

Scott, an American who's a former innovation advisor for the US Department of State, believes that the EU and US should move toward a common set of privacy regulations that are more relevant to today's technology. "There is no realistic alternative but to harmonize policy between the EU and the US," he said."We need a modernization of privacy and security policy that reflects democratic values."'