Spain foregoes government subsidy for 2nd year

World and European champion Spain’s success on the field has

allowed it to forego an annual government subsidy for the second

straight year.

The Spanish federation says president Angel Maria Villar

confirmed the move Monday, allowing Spain’s government to recoup

?3-4 million ($4-5.3 million) only days after announcing a round of

cuts would affect national federation budgets.

Spain sports minister Miguel Cardenal says the sacrifice ”will

benefit the other federations.”

Spain became the first European country to defend its

continental title this year. It has a host of big-name sponsors on

its bankroll, including Adidas, telecommunications company

Telefonica and energy outfit Iberdrola.

Nearly a quarter of Spain’s population is unemployed with the

government’s austerity measures meant to fight a double-dip

recession.