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Spain Royals Take Pay Cut

Dip matches public sector cut, but on much larger salaries

By Mary Papenfuss,  Newser Staff

Posted Jul 18, 2012 1:33 AM CDT | Updated Jul 18, 2012 2:37 AM CDT

(Newser) – Things are tough all over in Spain, and now even the royals are taking a hit. King Juan Carlos' salary is being shaved 7.1%, down to $332,000. His son, Prince Felipe, also faces a 7% cut, to $161,000. In addition, the $10 million royal budget will be cut by $123,000. The snips follow an uproar over news that public sector Christmas bonuses are being eliminated as part of Spain's austerity measures. The bonuses amount to about 7% of wages for all public workers, including police and firefighters.

Workers have taken to the streets to protest their own cuts, and are unimpressed with the royals' new "hardship." The king was sharply criticized earlier this year when he took a lavish hunting vacation in Botswana while his subjects were dealing with a 25% unemployment rate, notes the BBC.

King Juan Carlos of Spain will soon collect just $332,000 a year.
King Juan Carlos of Spain will soon collect just $332,000 a year.   (Getty Images)
Spain's King Juan Carlos: It's a head-scratcher.
Spain's King Juan Carlos: It's a head-scratcher.   (AP Photo/Luis Hidalgo)
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COMMENTS
Showing 2 of 3 comments
scott-houghton
Jul 18, 2012 3:11 PM CDT
It's not SPAIN it's spelt "SPANISH Royals take pay cut", how can you expect your kids to advance academically, if even your media can't spell properly? 
finkster
Jul 18, 2012 4:24 AM CDT
Those poor poor Royals.... How can they live on such merger salaries? What will they do to gain extra money? Oh...I know....."Would you like to super size that order, sir?"....:-)
 

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