Monday, June 4, 2012

Spain’s Intelligence Services Investigating Role of British and American Media in Fomenting Financial Turmoil

It is the only economy in Western Europe still in recession: property prices are crashing, unemployment has risen to more than 4 million, and some are already muttering that it could end up with a financial crisis worse than Greece’s.

But at least Spain now has someone to blame: the country’s intelligence services are investigating the role of British and American media in fomenting financial turmoil, the respected El País daily reported .

The newspaper said the country’s National Intelligence Centre (CNI) was investigating a series of “speculative attacks” against the Spanish economy amid bond market jitters about the country’s growing national debt.

“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 País said.

The report follows claims from prime minister José Luis Rodríguez Zapatero’s socialist government that speculators and newspaper editorial writers had launched a concerted attack. Read More