Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Spain's King takes a pay cut too

Wednesday, February 11, 2015 - 01:20

Spain's King Felipe VI will cut his salary by 20 percent. As Amy Pollock reports the move follows a series of corruption scandals that have hit the monarchy hard at a time of economic hardship and growing political discontent.

▲ Hide Transcript

View Transcript

Spain's economic recovery is being helped along by a cost-cutting King. King Felipe VI will earn around 234,000 euros in 2015 as head of state, 20 percent less than last year. The Royal family will be hoping the gesture helps to restore its tarnished reputation. Felipe's father and predecessor Juan Carlos took a luxury elephant-hunting trip to Botswana in 2012. At the time one in four Spanish workers was unemployed and the government was on the verge of a debt default. Felipe's sister and her husband are also under investigation on charges of embezzling 6 million euros in public funds. They deny any wrong-doing but the case is one of a series of corruption scandals. And many Spaniards say it'll take more than a wage cut to restore their faith in the monarchy, especially when its overall budget remains the same. (SOUNDBITE) (Spanish) MADRID RESIDENT MARIA LUISA "What his sister did has not helped him at all. But that is being solved in court and it has nothing to do with the monarchy or the prince or his family. Now they are just normal people." (SOUNDBITE) (Spanish) MADRID RESIDENT LUIS GUIJARRO, SYING: "Let's see whether it helps fix the political mess we have in this country. I mean politicians, not the people." Spain is now out of recession and King Felipe seems to be riding high . His popularity has been boosted by his attempts to modernise the monarchy despite some unwelcome headlines about his family.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Spain's King takes a pay cut too

Wednesday, February 11, 2015 - 01:20