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European royals get a (small) taste of austerity

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In this Oct. 12, 2009 file photo, Princess Letizia Ortiz, Spain's Crown Prince Felipe, Spain's King Juan Carlos, Princess Elena, Queen Sofia, Princess Cristina and her husband Inaki Urdangarin, from left, attend a military parade, during the holiday known as Dia de la Hispanidad, Spain's National Day, in Madrid. Spain's Crown Princess Letizia has a penchant for haute couture. Queen Elizabeth II's Bentley's are spotless. Belgium's King Albert II maintains a sumptuous villa in the south of France. But believe it or not, many of Europe's royals are feeling a pinch of the austerity sweeping the continent as it deals with its debt crisis. AP PHOTO/ARTURO RODRIGUEZ

Spain’s Crown Princess Letizia has a penchant for haute couture. Queen Elizabeth II’s Bentleys are spotless. Belgium’s King Albert II maintains a sumptuous villa in the south of France. But believe it or not, many of Europe’s royals are feeling a pinch of the austerity sweeping the continent as it deals with its debt crisis.

Posted: July 19th, 2012 in Latest Business Stories | Read More »

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