Abdication of King Juan Carlos I of Spain announced
King Juan Carlos I of Spain is to abdicate according to a statement made by Prime Minister Mariano Rajoy this morning.
Juan Carlos (76) has ruled Spain since 1975 following the death of the dictator Francisco Franco. His son, Crown Prince Felipe, 45, will take over. The Prime Minister also announced that the King would address the nation tomorrow to give his reasons for abdicating. However, the monarchy has become tarnished in recent times following corruption allegations involving his daughter and her husband.
Although highly popular for much of his reign, the King has lost the confidence of many Spaniards in the last couple of years and his health is failing, another possible reason for the succession announcement.