German Finance Minister Wolfgang Schaeuble, shown in Berlin in May. Schaeuble on Monday stressed that billions of euros in aid to Spanish banks requested by Madrid would be overseen by European

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German Finance Minister Wolfgang Schaeuble, shown in Berlin in May. Schaeuble on Monday stressed that billions of euros in aid to Spanish banks requested by Madrid would be overseen by European officials and the IMF. Asked whether Spain would avoid monitoring in the bailout, unlike previous deals with Portugal, Ireland and Greece, he said: "No, there will be a troika in exactly the same way."

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