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Inspectors from the European Commission (EC) and the European Central Bank (ECB) arrived on Monday in Madrid on their second visit to assess Spain's financial sector after the end of the bailout.
Inspectors from the EC and ECB will be in Madrid for the whole week assessing the evolution of the country's financial sector, the situation of Spain's economy, and its economic and budgetary policies.
They will meet with representatives from the Ministry of Economy, the Ministry of Finance, the Bank of Spain, the Fund for Orderly Bank Restructuring (FOBR) and the Spanish "bad bank", SAREB.
They will also meet with representatives from the banks that received financial aid, the European Union (EU)'s so-called first group and second group of banks that received around 41.3 billion euros (51.8 billion U.S. dollars) of financial aid from the EU.
The Spanish government has repaid 1.3 billion euros of the bailout given by the EU in June 2012.
This is the second visit of the inspectors this year. The first visit took place in March after the bailout requested by the Spanish government for its banks came to an end in January.
After the visit inspectors will publish their conclusions. The EU will visit Spain twice a year until the country returns 70 percent of the bailout, while the European Stability Mechanism will monitor the country until it returns 100 percent of the loan. (1 euro = 1.258 U.S. dollars)
