PARANOIA, the last refuge of the incompetent:

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.

We're in the best hands.

UPDATE. The Financial Times' Alphaville: "We are having the office swept for bugs at the moment."

UPDATE II. More at Der Spiegel.