I have just closed my account with PAYPAL as they have gone from UK to Luxemburg (cough) regulation.
Part of the email I received followed this well hidden nugget of information.

Under the Privacy Policy, PayPal Luxembourg will be the data controller of your personal information as of 2 July 2007 and will provide more details about the third parties to whom PayPal Luxembourg will disclose your personal and account information.


I think not