Spain's king unveils assets amid push for more transparency
ABC News
The Spanish government is set to pass a decree aimed at strengthening transparency in the country’s royal household, which has been hit by scandals in recent years
MADRID -- The Spanish government is set to pass a decree Tuesday aimed at boosting transparency in a monarchy still reeling from scandals involving King Felipe VI's father, Juan Carlos. The move comes a day after Felipe made public his personal assets of 2.6 million euros ($2.8 million) for the first time .
The government said the decree, to be approved at its weekly cabinet meeting, would "strengthen transparency, accountability, efficiency and exemplarity in the royal household.”
In recent years Spain’s royal family has been tarnished by allegations of financial wrongdoing involving former King Juan Carlos. The most recent scandal involved investigations into millions of dollars in foreign accounts that saw Juan Carlos leave Spain for the United Arab Emirates in 2020.
On Monday, the palace said that the unprecedented disclosure of Felipe's estate was part of a wider push toward a modernization aimed at making the monarchy “worthy of the respect and trust of its citizens.”
