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Not quite. The most obvious difference is an quotation by Nicolas Veron from Bruegel but there's also a summary of El Pais' own reporting from the previous week as well as other information not contained in the Reuters article.
As for the general editorialising tone of El Pais' coverage, there are things like Terrible management at German banks (google translate)
By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
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