"The European Union may soon update its Data Protection Directive to cover all member nations with a uniform policy regarding online data privacy. EU Justice Commissioner Viviane Reding's planned draft legislation will require businesses to inform customers when and why they're collecting customer"
"There's been speculation that the legislation is aimed at social networking sites such as Facebook, which has had a series of run-ins with EU privacy regulators. Newman denied that the proposal was meant to target Facebook specifically.
"The rules will be technologically neutral," Newman averred. "They will apply to all data processors."
For its part, Facebook "understands and respects European sensitivities around data protection," company spokesperson Stefano Hesse told TechNewsWorld.
"This single-market approach can both protect privacy and support innovation in digital services and economic growth," Hesse added.
Facebook is "already compliant with the European data protection law established in one country," the company's Hesse said.
However, the social networking site 
The Office of the Data Protection Commissioner of Ireland is auditing Facebook Ireland. Complaints from Austrian law student Max Schrems, through his organization Europe-v-Facebook, are believed to have been a major factor in triggering the audit, although the DPC has denied this.
Facebook is creating shadow profiles of both its members and others by collecting excessive information on them without giving them notice or getting their consent, according to Schrems. "
Would this effect the users of social networking website or would it effect only facebook or other social networks?
What would happen if facebook diagrees with the new changes? no more facebook in the EU?
http://www.technewsworld.com/story/73843.html
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