“Austerity Alone Will Not Save Europe”

King Juan Carlos is once again sounding off on the troubles in Europe and the extremely delicate Spanish economy.

In a visit to Chile yesterday, His Majesty said the problems in Europe are not economic but political. He talked about the robust nature of the continent’s finances compared to other places.

“Europe requires austerity and discipline,” he said. “But austerity alone will not save Europe.”

The King talked about the “unprecedented” reforms that the Spanish government has implemented in recent months. He said his country was starting to regain its competitiveness.

© Casa de S.M. el Rey / Borja Fotógrafos

Don Juan Carlos met with Chilean President Sebastián Piñera. Like in Brazil, he took a swipe at Argentina by highlighting Chile’s commitment to the rule of law. Argentina recently expropriated a local branch of Spanish oil giant Repsol.

© Casa de S.M. el Rey / Borja Fotógrafos

His Majesty today met with the leaders of Mexico, Colombia, Peru, Panama and Costa Rica. Media outlets are saying the King is back as Spain’s top champion.

“I am not at all tired,” he said, according to Spanish media.

Prince and Princess of Asturias at event in Navarre.

Other members of the Royal Family, including Price Felipe and Princess Letizia, have been “holding down the fort” taking care of public events in Spain while the King is away.

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No More Budget Cuts for Royal Household

The Partido Popular and the Socialists have rejected calls for more cuts to the Spanish Royal Household, El País reported yesterday.

Queen Sofia at the opera.
© Casa de S.M. el Rey / Borja Fotógrafos

Two minority parties, including anti monarchists, say 8.26 million euros is too much money to pay for head of state operations. But Household defenders say Spain has the cheapest head of state system in Europe.

Prince Felipe meeting with military officials.
© Casa de S.M. el Rey / Borja Fotógrafos

The 8.26 million euros assignment for 2012 is 2 percent less than 2011.

 

 

More Cuts in Royal Household

The Royal Household is planning cuts to protocol and personnel expenses to conform with national austerity measures, El Pais reported today.

The Spanish daily newspaper said the Household was hoping to meet or exceed the new budget’s 2 percent reduction in Royal expenses.

The King’s representatives are also in talks with ministries, which offer support, and Patrimonio Nacional, which manages royal palaces, aimed at cutting costs.

The Crown costs the Spanish state about 8 million euros a year. The King receives about 293,000 euros in salary, a significant portion paid in taxes.

La Granja Palace, Segovia