Not-so-simple arithmetic

DESPITE a promised pay-cut, Speaker of the Valencian parliament Juan Cotino earns more than the regional president Alberto Fabra.

He and other parliamentary officials would take a 25 per cent pay cut Cotino pledged earlier. His own pre-tax €113,608 would be further reduced to bring it into line with Fabra’s.

Instead, Cotino’s €95,824 salary for 2013 is just 15.6 per cent less. This, Cotino clarified last week, is because 25 per cent of 2012’s net salary was deducted from the sum assigned for 2013. And he continues to earn more than Fabra.