King of Spain cuts his own salary in austerity drive

 Spain's King Felipe VI has slashed his salary as head of state by 20 percent for 2015, a move in line with his pledges for a more moderate, fewer-frills monarchy.

A palace statement on Tuesday detailing the royal household's 2015 budget said Felipe, 47, would receive 234,204 euros (£174,000), a fifth less than his father and predecessor, Juan Carlos, received as monarch before abdicating last June.

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