King Juan Carlos of Spain abdicating: PM

King Juan Carlos of Spain abdicating: PM

PanARMENIAN.Net - King Juan Carlos of Spain is abdicating, Prime Minister Mariano Rajoy has announced, according to BBC News.

Juan Carlos, who is 76, has ruled since 1975, taking over after the death of dictator Francisco Franco. The king's son, Crown Prince Felipe, 45, will take over the throne.

For much of his reign, Juan Carlos was seen as one of the world's most popular monarchs, but recently many Spaniards have lost confidence in him. His reputation has been tarnished by a long-running corruption investigation into his daughter and her husband.

Support for the king fell further when it was discovered he had been on a lavish elephant hunting trip to Botswana in the middle of Spain's financial crisis.

Rajoy said the king was stepping down for personal reasons. His health is failing and he has had a number of hip operations in recent years.

The Prime Minister said Juan Carlos had been a "tireless defender of our interests". "I'm convinced this is the best moment for change," he added.

He said ministers would hold a special meeting on the issue.

 Top stories
U.S. Central Command said C-130 transport aircraft had made "multiple" drops of supplies provided by Kurdish authorities in Iraq.
The president will aim to show the U.S. public and allies abroad that he is committed to a plan to "degrade" and "destroy" the group.
Cazeneuve said authorities are monitoring a French member of the Islamic State group identified by the U.S. State Department.
The campaign expands upon the airstrikes the United States has been conducting against the militants in Iraq since early August.
Partner news
Soghomon Tehlirian assassinated Talaat Pasha on March 15, 1921

Operation Nemesis was a covert operation by the Armenian Revolutionary Federation carried out from 1920 to 1922, during which a number of former Ottoman political and military figures were assassinated for their role in the Armenian Genocide.