The new government has said it will freeze the minimum wage (SMI in Spanish) for next year at the current levels, 641,40€ a month. Unions denounce that this amounts to a cut in real term purchasing power of around 2% this year and have promised a “strong opposition” to the plan.
Spain’s royal family publicly revealed its finances for the first time Wednesday, as the nation faces an economic crisis and corruption allegations bring increased scrutiny to the monarchy. King Juan Carlos receives 292,752 euros ($382,743) annually, the royal palace said in a statement. Prince Felipe, next in line to the throne, receives about half that amount Queen Sofia, Princess Letizia, Infanta Elena and Infanta Cristina received a combined total of 375,000 euros for royal duties Continue reading Spain’s monarchs reveal finances for first time