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Norway’s king travels on a modest budget

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King Harald V of Norway won't be splurging when he heads to Spain on a private visit next week. The king of one of the world's richest countries travels coach.

The king will be rubbing elbows with other vacationers when he flies to Palma de Mallorca on Aug. 7 to participate in a sailing competition, the newspaper VG reported.

"I can confirm that there is no waste of money at the royal palace these days," said Knut Brakstad, secretary of the royal cabinet.