Spain: New king says corruption must be eliminated

Spain's new King Felipe VI insisted in his first Christmas Eve speech that seemingly endless examples of corruption across the country must be stamped out, not mentioning his indicted sister by name but stressing that public figures don't have a right "to profit or become rich."
The speech watched by millions on TV yesterday is the most important national address by Spanish kings, and Felipe gave it after his father Juan Carlos abdicated in June putting his own stamp on the monarchy.
Felipe told Spaniards they should take heart that some accused of "irregular conduct" are being held accountable in legal proceedings riveting and outraging many.

"There must not be favoured treatment for those occupying a position of public responsibility," Felipe said. "Public office must not be a means to profit or become rich."
Although the king did not mention his sister by name, Fernando Rayon, an author and royal watcher, said there was no doubt she was referred to.
"It is understood that, logically, his sister and brother-in-law are included in the references to corruption," said Rayon.

Just two days before Felipe spoke, his sister Princess Cristina was indicted on two counts of tax fraud that could land her in prison for up to eight years, if she is convicted in an alleged scheme that funded a lavish lifestyle for her and her husband at their Barcelona mansion.

Besides Cristina, Spain has seen a cascade of corruption cases hitting politicians from most of the country's political parties, plus Rodrigo Rato, the Spaniard who headed the International Monetary Fund.
Rato and 32 other one-time board members of Bankia SA a major bank that had to be nationalised and bailed out by the state for euro18 billion (USD 24 billion) are being investigated for suspected mismanagement.
Cristina, 49, is the first royal family member ordered to trial since the monarchy was restored in 1975. She could end up in court toward the end of next year along with her husband Inaki Urdangarin, an Olympic handball medalist turned businessman, and 15 others in the case.

The princess is accused of benefiting financially from an alleged scheme with Urdangarin's nonprofit Noos organization that allegedly embezzled public funds and syphoned them into Aizoon, a private company owned by the couple.
Probing suspected abuse of company funds to cover the couple's personal expenses from their Aizoon real estate and consulting firm, an investigative judge compiled detailed lists of alleged examples. They included purchases for the couple's Barcelona mansion, salsa dancing classes and vacations at luxury hotels.