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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (72528)	2/14/2010 7:03:43 AM
From: Haim R. Branisteanu	Respond to of 74559

Spanish Intelligence Probes Speculative 'Attack' On Euro, Spain -Report MADRID (Dow Jones)--Spain's national intelligence agency, the CNI, is investigating whether the Spanish economy and the euro currency have fallen victim to a concerted attack by speculators and foreign media, national daily El Pais reported Sunday citing sources familiar with the matter. Agents working for the CNI's Economic Intelligence unit have over the last couple of weeks been checking if "attacks by investors and the aggressiveness of some Anglo-Saxon news outlets are a result of the real market dynamics and challenges faced by the Spanish economy, or if there's something else behind the campaign," the paper said. Serious debt problems in smaller euro-zone economy Greece sparked a tumble in Spain's stock market and a sharp increase in the cost of insuring Spanish sovereign debt against default in recent weeks. Investors, worried that a fast-rising government budget deficit and a weak local economy may hurt Spain and other ailing countries ability to repay debt, have also placed huge bets against the euro in currency markets. -By Christopher Bjork, Dow Jones Newswires, +34- 606396093, christopher.bjork@dowjones.com