King of Spain to open royal accounts

The new king of Spain announced today (Monday) that he is allowing the royal account books to be audited by an external government agency.

From 2015 Felipe will allow for the first time Spain’s public service auditors to comb through the royal accounts in an effort to modernise and clean up the countries damaged reputation.

After former king Juan Carlos’s surprise abdication, Felipe vowed to create a more transparent and modern royal family by auditing the royal books, including a code of conduct for royal staff and keeping a closer eye on received gifts.

King Felipe also wants his household to have their own dedicated legal team.

The new reforms also prohibit the royal family from working for private companies. The royal family hope to avoid similar scandals to the one Felipe’s sister Cristina found herself in. Cristina is suspected of knowingly profiting from less than questionable business deals carried out by her husband, InakiUrdangarin.

The institution stated on Monday that the Royal Palace is going to be more transparent, seek more expert opinions and improvise when necessary.