Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

King bars royals from taking presents

Source: El Pais - Sat 6th Dec 2014
King bars royals from taking presents

King Felipe VI has forbidden members of the Spanish royal family from accepting favors or expensive gifts "that could jeopardize the dignity of their institutional tasks."

Royals may not accept favors such as free flights or loans at low or zero interest; they are also banned from accepting presents with a high economic value or gifts that are being given for commercial or advertising purposes.

The move is part of a campaign by the recently proclaimed monarch to clean up the royal household's image following months of low popularity ratings.

It also seeks to distance itself from the numerous corruption cases affecting Spanish politics, often involving bribes for favors - Gürtel and Púnica being two leading examples.

When he took over from his father Juan Carlos in June, Felipe VI said in his inaugural speech that "the Crown must constantly earn citizens' appreciation, respect and trust. Today, more than ever, citizens are rightly demanding that public officials lead by example."

One of his first moves was to bar members of the royal family from working in the private sector. This was interpreted as a way to prevent more cases like the one that ensnared his sister, Cristina de Borbón, whose husband Iñaki Urdangarin faces criminal charges in connection with his private business dealings.

The new king also announced that the royal family's accounts will undergo external audits to increase transparency.

Under this new gift ban, Felipe's closest relatives will no longer be able to accept the kind of presents that his father did when a group of businessmen presented Juan Carlos with a yacht worth €18 million. The previous monarch also received two Ferraris from the prime minister of the United Arab Emirates. One of them was recently handed over to the National Heritage Foundation, and the second one "will be soon," according to royal palace sources.

The new rule does not prevent the royals from accepting "courtesy gifts," and a palace spokesman refused to say what the price limit for these other presents might be, saying it would be left instead to "common sense."

Since the proclamation of Felipe VI, the royal family has been reduced to his parents Juan Carlos and Sofía, his wife Letizia and his daughters Leonor and Sofía. Felipe's sisters, Elena and Cristina, are no longer considered part of the royal family per se.

Recommended Reading :

* Spanish Court upholds charges of tax fraud against Princess Cristina

* Spain to offer legal immunity to Royal Family

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

 
When shopping for bodyjewelrytips, never buy anything that has nickel. The best type of material is the steel, titanium, wood, anodized gold or gold. Most nickel products will rust and may infect your ear. If you have pierced the naval or eye, you do not need to worry, as that is the most versatile part of the body. You can wear rings, straight, curved or fancy and captive beads. There are many leading body piercing jewelry that offer some of the biggest collection at very affordable price. In regard to shopping, always go to a wholesale shape as that is the sure place of getting any type of body piercing jewelry. The only thing that you need to be careful about is the material used to make the jewelry. There are instances when body piercing might go wrong and the result is an infection. In order to avoid this, make sure that the person doing the piercing is qualified to do so. After piercing is done Bodys piercing trends, you should keep the area sterilized and clean. Use warm water to wipe dirt. Never use spirits as they will corrode the area resulting to a wound which might cause an infection.