Wednesday, November 6, 2013

Spain's 17-cent king: Europe's cheapest monarch

OLÉ LOL!
Spain's ruling party has defended the government's budget for the country's royal family, saying the royal house costs each Spaniard a low 17 Euro cents (23 cents US) a year.

The Spanish Government on Tuesday talked up its decision to provide €7.78 million to the royal family as part of the country's 2014 budget, Spain's Huffington Post reported. This is down 1.8 percent from the €7.93 million destined for the royal purse in 2013. 

"Defending the budget of His Majesty is the easiest thing in the world," said Juan Manuel Albendea, a spokesperson on budgetary matters for Spain's ruling conservative Popular Party (PP).

The politician added he felt "lucky" to be able to support a royal budget which was the "most austere" in Europe.

He then cited figures from his own party's research showing that the British Monarchy had a budget of €46.6 million, while that figure was €12 million in both Denmark and Sweden and more than €8 million in Luxembourg.

With 46.7 million people in Spain, the budget for the country's royal family comes to just 17 cents per Spaniard per year, Albendea said.

The comments came in response to requests from other parties that the monarch's budget be slashed next year.
Source: The Local

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