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Tag Results for "Spains Austerity Program"

Spain’s Royals Take 7.1%  Paycut Amidst 4th Austerity Package and 24% Unemployment

Spain's King Juan Carlos decided to cut his salary and that of Crown Prince Felipe by 7.1 percent in line with government-mandated reductions in pay for civil servants, the royal household said Tuesday. The monarch's annual pre-tax income will fall by 20,910 euros ($25,543) and his son's remuneration is set to decline by half that amount. continue reading »