The king acted voluntarily, and in the cuts he included Felipe, Queen Sofia, Crown Princess Letizia, and his daughters, princesses Elena and Cristina.
The female royals do not get a salary per se. But the pool of money available for their expenses is being trimmed, also by about 7 percent, to €292,625. The newspaper El Mundo put it this way: "So, among the four, they will not be able to spend more than €292,625 a year on clothing, shoes, accessories or hairdressing."
Then, there's this: since last year, Royal Palace staffers fly coach.
In recent years Queen Elizabeth, long known as one of the world's richest women, with her priceless collection of fine art, jewels and real estate, has opened some parts of Buckingham Palace to tourists, raising money on admission tickets. Palace officials say they have met targets that call for a 25 percent cut in the use of public expenditures to support the monarchy.
That's meant a pay freeze for royal staff, an increased emphasis on generating income from royal properties, and a reduction in planned property maintenance — although the royal Bentleys and other classic cars always appear spotless in public.Page 2 of 4 | Prev Page | Next Page