Announcement of abdication of King Juan Carlos of Spain
King Juan Carlos of Spain is abdicating.
Spanish Prime Minister Mariano Rajoy made the announcement live on TV station TVE.
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.
02 Jun 2014
- From the section Europe