Princess Letizia of Spain attends the acreditations ceremony for honorary Spain "Brand Ambassadors" at the Ciudad Financiera del Banco Santander on February 12, 2013 in Madrid, Spain.
(February 11, 2013 - Source: Carlos Alvarez/Getty Images Europe) see more angles »
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Queen Letizia of Spain Loose Blouse

Princess Letizia looked very classy in a white blouse with blouson sleeves during the Spain brand ambassadors accreditations ceremony.

Queen Letizia of Spain Pencil Skirt

Princess Letizia's high-waisted red pencil skirt paired flawlessly with her white blouse.