I am no expert in this field, but it really looks like member states on Monday might give unlimited access to all banking details of EU citizens to the USA.
According to Brussels Blogger this will be done without asking the same from the US, all has been decided without any parliament, and no citizen will be able to go to court against these measures.
In addition, member states want to push this through on Monday because on Tuesday the Lisbon Treaty enters into force an the European Parliament would need to participate in the decision-making then.
If this respects democracy and the rule of law, the East German State Security (Stasi) has been an organisation respecting basic human values and civic rights.
PS.: The Facebook group asking member states to stop their actions regarding SWIFT has been growing from 0 to 530 members within less than a day!