2010-02-14

Is Spain finished too?

Spanish intelligence probing debt "attacks"-report
"The (CNI's) Economic Intelligence division...is investigating whether investors' attacks and the aggressiveness of some Anglo-Saxon media are driven by market forces and challenges facing the Spanish economy, or whether there is something more behind this campaign," El Pais said.

Officials at the CNI were not available for comment.

The report comes days after Public Works Minister Jose Blanco protested "somewhat murky manoeuvres" were behind financial market pressure on Spain.

"None of what is happening in the world, including the editorials of foreign newspapers, is coincidental or innocent," Blanco said.
Unless there's an Al-Qaeda plot to retake Andalusia that includes financial warfare, Spain is in trouble for the same reasons as every other indebted state.

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