Edward Snowden before the EU Parliment
Dilma Rousseff, President of Brazil, has been talking with Germany about a direct fiber optic cable between the two countries. For Latin America this would be a great thing because virtually all traffic currently is routed through the US. This would offer faster Internet connectivity between the EU and Latin America and would likely drive the expansion of connections in the region near Brazil.
That's the technical good stuff but her main driving reason is to create a NSA-free communications channel. Why is this an issue? Edward Snowden helps us understand it. He just appeared before the EU parliment to talk about the issues. It is available as a PDF from the europa.eu web site.
Note that he does not disclose any new revelations saying he leaves that to the press but addresses specific questions.
I feel one of his most important points is that this we can collect everything on everyone mentality leads investigators to ignore useful information and good investigative techniques while costing everyone much -- both financially and in loss of privacy. Here is one example from his testimony.
Nor did the US government's comprehensive monitoring of Americans at home stop the Boston Bombers. Despite the Russians specifically warning us about Tamerlan Tsarnaev, the FBI couldn't do more than a cursory investigation although they did plenty of worthless computer based searching and failed to discover the plot. 264 people were injured, and 3 died. The resources that could have paid for a real investigation had been spent on monitoring the call records of everyone in America.