King Felipe VI has reigned in Spain since the abdication of his father, King Juan Carlos I, in 2014. The former Spanish king has been embroiled in financial controversy, but his son Felipe has now taken a major step toward making the Spanish royal house more transparent. King Felipe disclosed his personal wealth hours before the Spanish government announced a new law affecting how the royal house reports its finances. A new law will order the royal house to make public tenders and publish its financial statements quarterly. The move will bring Spain’s royal house in line with other European monarchies like the UK, with the British Royal Family required to be more transparent with its financ ...
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