Thursday, February 11, 2010


Spain shoots the messenger
JUST when Greece looked like taking the prize for conspiracy theories (see previous posts), members of the Spanish government have cast caution to the winds and declared their economy is the victim of a still vaster plot that goes beyond profiteering and a desire to destroy the euro (the charges levelled in Greece). No, according to José Luis Rodríguez Zapatero, the prime minister, and José Blanco, his transport minister, the conspiracy goes beyond financial speculators to take in opinion-writers from the foreign press, whose goal is to derail European attempts to regulate financial institutions and markets more tightly.

Mr Blanco told Cadena Ser radio that attacks on Spain were attacks on the euro, and were "rather dirty dealings" on the part of speculators, who:

"now that they see we are emerging from the crisis, do not want to see better regulation of their activities, [but] want to be free to carry on pursuing their own interests... None of what is happening, including editorials in some foreign media with their apocalyptic commentaries, is happening by chance, or innocently. It is the result of certain special interests."

Here is Mr Zapatero:

"There is an attack underway by speculators against the euro, against tougher financial regulation of the financial system and of the markets"....