Germany Faces 32.5 Million-Euro Data Retention Fine, FAS Says

Germany may be fined at least 32.5 million euros ($43 million) if it doesn’t make a decision by April 26 on implementing European Union guidelines on data retention, Frankfurter Allgemeine Sonntagszeitung reported.

The lump sum of 32.5 million euros may be followed by further penalties of 80,000 euros per day until the country reaches a decision, the newspaper said in a preview of a story that will run tomorrow, without saying where it got the information.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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