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    AXJ SPAIN: PEOPLE OF SPAIN TO CELEBRATE REFERENDUM RE THE MONARCHY?

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    AXJ SPAIN: PEOPLE OF SPAIN TO CELEBRATE REFERENDUM RE THE MONARCHY?

    Post  Admin on Wed Dec 28, 2011 2:13 pm

    AXJ SPAIN : THE PEOPLE OF SPAIN TO CELEBRATE A REFERENDUM REGARDING THE CONTINUANCE OF THE MONARCHY?



    AXJ SPAIN
    MONARCHY
    www.axj.com
    28-12-2011


    According to Ciaran Giles of the Associated Press Juan Carlos I King of Spain earns $382,000 to reign Spain.

    Is it true the People of Spain are considering a referendum regarding the continuation of the Monarchy in Spain?


    Juan Carlos Earns $382,000 To Reign In Spain

    By Ciaran Giles, Associated Press

    King Juan Carlos, Princess Letizia, Crown Prince Felipe, Queen Sofia

    Spain's King Juan Carlos, front left, and Queen Sofia, front right, leave followed by Spain's Crown Prince Felipe and Princess Letizia after the official opening of Parliament, in Madrid, Tuesday, Dec. 27, 2011. (AP Photo/Daniel Ochoa de Olza) (Credit: AP)
    Topics:From the Wires

    MADRID (AP) — What’s it worth to reign in Spain?

    Spain’s royal palace released a breakdown of the royal family’s finances for the first time Wednesday, saying King Juan Carlos earns €292,552 ($382,597) a year and his son, crown Prince Felipe, roughly half that amount.

    The palace said that of the monarch’s gross income, just under half was personal salary and the rest was designated for expenses. The king pays 40 percent in tax on the total sum.

    Queen Sofia and the princesses Cristina, Elena and Letizia receive €370,000 ($483,553) between them, while Felipe earns €146,375 ($191,297).

    The palace is assigned an annual budget by Parliament. It totaled €8.4 million ($11 million) in 2011.

    The royal family promised recently to release the information as part of the king’s commitment to making his household’s accounts transparent. The figures were posted on the palace website http://www.casareal.com.

    The release comes as the king’s son-in-law Inaki Urdangarin, husband of Cristina, is reportedly suspected of siphoning funds from public contracts awarded from 2004 to 2006 to a nonprofit foundation he then headed.

    Source : http://www.salon.com/2011/12/28/juan_carlos_earns_382000_to_reign_in_spain_3/

      Current date/time is Thu Oct 19, 2017 10:13 pm