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Spain's king gives up luxury yacht 'Fortuna'

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Spain's King Juan Carlos gives up luxury yacht 'Fortuna' For the last 12 years it has provided countless photo opportunities; the monarch at the helm of the 136-foot motor yacht cruising around the waters off Majorca while various members of his family sunned themselves on its deck. But on Thursday the 75-year-old head-of-state made the decision to give up one of his most prized possessions amid growing resentment by Spaniards at the privileges enjoyed by the elite in a nation suffering deep economic crisis and an unemployment rate above 27 per cent. "The King has taken the decision to ask the National Heritage to proceed with the release of the asset," a spokesman for the Royal Palace announced on Thursday. "It wasn't something he felt comfortable with any longer," said a source at Zarzuela Palace, the King's residence. The 35-ton vessel named 'Fortuna' was gifted to the state for use by the King in 2000 by a group of businesses on the Balearic Islands, where the Royal family have their summer palace and spend several weeks a year on holiday. Spain's King Juan Carlos gives up luxury yacht 'Fortuna' King of Spain Juan Carlos King of Spain gives up luxury yacht Spain's king gives up luxury yacht 'Fortuna' Spain's King Juan Carlos ,Spain's King ,Juan Carlos ,luxury yacht Fortuna,luxury yacht ,Fortuna,

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Spain's king gives up luxury yacht 'Fortuna'

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