Spanish King Juan Carlos Abdicates

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King Juan Carlos Explains his Reasoning Behind Abdicating his Throne

After nearly 40 years, King Juan Carlos of Spain has announced his intention to abdicate the throne.  The 76 year-old said it was time for ” a new generation” and for “younger people with new energies.”  Since the Spanish royal household has no laws or rules for abdicating, ministers will have to hold a meeting to decide how his son, 45 year-old Prince Felipe, will take control of the throne.

King Juan Carlos was one of the world’s most popular monarchs for decades, but recently his popularity has taken a dive.  Lavish, expensive trips during Spain’s economic crisis and a large corruption scandal involving the business dealing of his daughter have caused Spaniards to lose confidence in their king.

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