Belgium's King Albert II on Monday said he'll use part of his salary to help pay for the upkeep on his properties, making him the latest European royal whose pocketbook is being squeezed by the economic woes afflicting the continent.

The financial crisis has hit several European countries that still have royal families, including Spain, Britain and Belgium. With their palaces, estates and often ostentatious tastes, monarchs and their kin have faced criticism as governments pass austerity measures, and some have seen their public funding cut.

"It shows that in countries with serious financial problems" even monarchies cannot escape the pressure, said Professor Herman Matthijs, who teaches public finance at Belgium's University of Ghent.

In a rare public statement on his finances, King Albert said he wants to freeze the euro10.8 million ($13.8 million) he gets from the state. He intends to use an automatic 2012 salary inflation adjustment of some 3 percent — or roughly euro350,000 ($446,000) — to help pay for some property maintenance costs normally borne by the government.

How will King Albert II of Belgium survive is really anybody's guess. Hopefully he's got some money saved on the side...