El Mundo is the second largest printed daily newspaper in Spain. It was founded in 1989 and has its headquarters in Madrid. Editorially, El Mundo often expresses the mainstream views of the centre-right with liberal overtones. El Mundo has played a key role in uncovering a number of scandals, among them embezzlement by the commander of the Guardia Civil, accusations of insider trading and tax fraud by the governor of the Central Bank of Spain and aspects of the Bárcenas affair. Investigative reporting by the staff of El Mundo also revealed connections between the terrorist Grupos Antiterroristas de Liberación (GAL) and the Socialist administration of Felipe González, revelations that contributed to his defeat in the 1996 elections.

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