• Spain's news in English
 
app_header_v3

Princess's Swiss move to cost €480k a year

Alex Dunham/The Local/AFP · 26 Aug 2013, 17:42

Published: 26 Aug 2013 17:42 GMT+02:00

The youngest daughter of King Juan Carlos of Spain will relocate to Switzerland in the coming weeks following a corruption scandal involving her husband Iñaki Urdangarín.

Cristina, who will separate from Urdangarin for “professional reasons”, will coordinate the programmes run by Spain's charitable La Caixa Foundation in conjunction with various United Nations agencies based in the lakeside city.

But the bid to take the pressure and the limelight off the royal has backfired after Spanish daily El Mundo revealed how much Cristina will receive for her new life in Switzerland.

The princess, or Infanta as she is known in Spain, will be enrolling her four children in Geneva’s École International, which regularly ranks in the top 20 schools in the world.

Annual tuition fees cost €30,000, making it €120,000 for all four siblings.

The new Urdangarin family home doesn’t come cheap either: the 200 square metre property will cost at least €5,000 a month to rent.

Then there’s the princess’s salary, which will be bumped up to €320,000 a year as a result of the move abroad.

Private security costs will also cost €300,000 annually to be paid by the Spanish taxpayer, without including the relocation and housing of the bodyguards.

Cristina and her husband and Urdangarin have been under immense pressure because of a long-running corruption scandal involving a charitable sports foundation.

The case is centred on allegations of embezzlement and influence peddling against Cristina's husband, former Olympic handball player Iñaki Urdangarin, and his former business partner Diego Torres.

The pair are suspected of overbilling regional governments to stage sports and tourism events, and then diverting money to the non-profit Nóos Institute, which Urdangarin chaired from 2004 to 2006.  

Story continues below…

In April, Cristina was summoned to appear in court to answer questions about her husband's business dealing.

The court summons — the first for a member of Spain's royal family — was later appealed.

In early May judges spared her for the time being from being called into court to be questioned as a formal suspect.

But they said she may yet be summoned to the court in Palma de Mallorca on the Balearic Islands in another branch of the affair: a tax and money-laundering case also linked to her husband. 

Alex Dunham/The Local/AFP (alex.dunham@thelocal.com)

Your comments about this article

Today's headlines
Suspend EU funds for Spain says European Commission
European Commission vice president Jyrki Katainen. Photo: AFP

The EU should suspend structural funds to Spain and Portugal after they failed to rein in their debt, according to a letter from the European Commission seen by AFP.

Spain arrests Polish millionaire in arms bust
The gang sold more than 200,000 AK-47s, as well as missile launchers and tanks. Photo: AFP

Spanish police said Saturday they had arrested a Polish millionaire suspected of masterminding a ring that smuggled assault rifles and heavy weapons into South Sudan.

Video
Stag party bungee jump prank goes viral in Spain
Screen grab: Jaime Cuesta/YouTube

A group of friends made this stag think he was going bungee-jumping on his last night of freedom... but they had an entirely different plan in mind.

Spain pays €300m each year in pensions… to dead people
Photo: Paco Cameo / Flickr

Almost 30,000 Spaniards continue to receive a state pension despite the fact that they have died.

Catalan separatists overtake 'remainers' for the first time
People wave pro-independence Catalan flags. Photo: AFP

For the first time ever, the number of people in favour of an independent Catalonia has surpassed the number of those against.

Childless households are the new normal in Spain
More and more Spanish households are comprised of flatmates rather than families. Screen grab: YouTube

Spain is in the middle of a never-before-seen demographic shift.

Video
Zoo animals enjoy ice lollies to cool off in Spain's heatwave
A chimp slurps on frozen fruit as temperatures soar across Spain. Photo: Bioparc Valencia

Vegetable ice cream, fruit lollies and for the carnivores among them, generous helpings of frozen meat, this is how zoo animals across Spain have kept their cool this week.

Girl rescued after night spent adrift on surfboard off Spain
File photo of a girl with a surfboard. Photo: hjl/Flickr

The young woman could not beat the strong currents to make it back to shore.

Spain's new coach Lopetegui promises 'evolution'
Lopetegui during a press conference on Thursday. Photo: AFP

Newly named Spain coach Julen Lopetegui has already led Spain's youth teams to international success.

Gallery
10 super Spanish drinks everyone should try
Photo: Ignacio Palomo Duarte/Flickr

While we've all been tempted by the Spanish holiday classic of a chilled glass of sangria, Spain has much more to offer when it comes to tantalizing tipples. Here's The Local's guide to some of the best.

Sponsored Article
Avoid hidden fees when sending money overseas
Travel
Barcelona bans Segways from tourist clogged waterfront
National
Police issue guidelines as Pokémon craze sweeps Spain
National
Another dodgy art restoration raises alarm in Spain
Sponsored Article
Why Swiss hospitality graduates are in demand
National
Watch: Man in wheelchair zooms past Barcelona traffic
Sponsored Article
Why you should attend an international job fair
National
Woof! How to find dog-friendly beaches in Spain
Travel
Tourist sparks bomb scare by locking suitcase to park bench
Technology
Five brilliant apps to help improve your Spanish
Sponsored Article
Five things Americans should know about voting abroad
National
Top ten tricks to survive the Spanish summer
Sponsored Article
Why expats choose international health insurance
Travel
Off the beaten track: 14 best kept travel secrets in Spain
International
Keep calm and wait and see: Advice for expats post-Brexit
Sponsored Article
Why you should attend an international job fair
Features
Top 10 Spanish treats to keep you cool in summer
National
'I've had best time ever' insists American gored in bull run
Health
How to avoid heatstroke when Spain starts to sizzle
Sponsored Article
Why Swiss hospitality graduates are in demand
International
Champion of expat property rights in Spain awarded gong
National
Scorchio! Heat warnings issued across Spain
National
Brits demand dual citizenship for expats in Spain post Brexit
Sponsored Article
Avoid hidden fees when sending money overseas
Sport
Spanish matador gored to death in the ring
Lifestyle
Eleven types of men you might typically date in Spain
National
Spanish police rescue British teen trapped by dad in house for two years
Sponsored Article
Why expats choose international health insurance
Features
Seven burning questions for British expats about Brexit
Technology
Six free apps to simplify your summer in Spain
Six important things we learnt from Spain's repeat elections
Politics
Rajoy claims right to form government after poll win
3,290
jobs available