Spain's King Juan Carlos and his family are to take a pay cut following a recent bitterly contested cut to public sector wages, the royal palace says. The king will lose 20,900 euros (£16,400; $25,660) from his salary of just over 292,000 euros for the year - a cut of 7.1%. In total, the 8.3m euro royal budget will be cut by 100,000 euros in 2012. Public sector workers have been outraged by a recent announcement that Christmas bonuses are to go. The bonuses saw public sector workers paid double their usual salaries in December, and their removal equates to a cut of about 7%.
LIVE 7 Days a Week!
Mon-Sun: 7pm-10pm Eastern
Enjoy the new site and thanks for submitting your content!