If your organization holds data for European Union citizens or does business in the EU, then you need to know about current and potential EU legislation for the holding and use of personal data.
The EU already has one of the strongest frameworks for protecting citizen privacy and is contemplating changes to make the law stricter especially for online properties like LinkedIn, Facebook, Google, etc.
The following links are to sources of information about current legislation and to comments from Viviane Reding, EU Justice Commissioner, about making protections even stronger. (note: copy and paste links into a browser window).
EU Justice Commissioner Viviane Reding's official information and webpage
EU Data Protection: links to description of the laws, enforcing agencies and related items
EU Data Protection Article 29 Task Force links and resources