Analysis: An Economic Security Role for European Spy Agencies?

Economic espionage

Economic spying

By JOSEPH FITSANAKIS | intelNews.org |
Last February, Spain’s intelligence service began investigating alleged suspicious efforts by foreign financial speculators to destabilize the Spanish economy. According to newspaper El País, the Spanish government asked the country’s Centro Nacional de Inteligencia (CNI) to probe links between speculative moves in world financial markets and a series of damaging editorials “in the Anglo-Saxon media”. There are indications that the National Intelligence Service of Greece (EYP) is following in the CNI’s footsteps. In February, when Athens and Brussels began to realize the magnitude of the financial crisis threatening the European common currency, several news outlets suggested that the EYP was cooperating with Spanish, Irish and Portuguese intelligence services in investigating a series of coordinated speculative attacks on money markets, most of which allegedly originated from London and Washington. Read more of this post

Spanish intelligence probe ‘financial attacks’

CNI seal

CNI seal

By IAN ALLEN | intelNews.org |
Spain’s primary intelligence agency is actively probing alleged links between speculative moves in world financial markets and a series of editorials in “the Anglo-Saxon media”, which Madrid says have sought to undermine market confidence in Spain’s economy. Spanish newspaper El Pais says the Centro Nacional de Inteligencia (CNI) has been asked by Spain’s government to investigate whether “there is something more behind the campaign” to destabilize the Spanish economy, which, if successful, would add tremendously to the financial challenges currently facing the Eurozone. The El Pais article hints at suspicions among many in the European Union that countries not currently participating in the Euro common currency zone may be trying to subvert the Euro through a series of well-timed media reports questioning the financial stability of the European Union. Read more of this post

Spanish spies remain active in UK territory of Gibraltar

Gibraltar

Gibraltar

By IAN ALLEN | intelNews.org |
The British Crown has ruled Gibraltar since the early 1700s, but Spain has never ceased to claim national rights over the territory. Today, la Cuestión de Gibraltar (the Gibraltar question) is as critical an issue in Spanish-British relations as it has been for over 300 years. A recent article in Gibraltar’s English-language Panorama news site reminds us that, even though the two countries are NATO and European Union allies, Spanish intelligence agents remain active in the territory. It is true that the Rock is frequented by agents of Spain’s Centro Nacional de Inteligencia (CNI), who are mostly concerned with assessing economic and political life in the British possession. The article lacks sources, but its views are probably not far from the truth, considering Gibraltar’s immense geostrategic significance. Read more of this post