Also, I'd add that
1) Spain has been a staunch ally of the U.S. in our war against the terrorists.
2) Spain used to be under Muslim control centuries ago, and the Muslim extremists feel that they're entitled to try and regain permanent control of any lands that they once held by any means necessary.
Yeah, it could be ETA, but I doubt they would be denying it if it was. That ain't their M.O.