King Juan Carlos of Spain abdicates
Published:Monday | June 2, 2014 | 1:40 PM
King Juan Carlos of Spain has announced his intention to abdicate, after nearly 40 years on the throne.
The 76-year-old says a new generation must be at the forefront.
His 45-year-old son, Crown Prince Felipe,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 the business dealings of his daughter and her husband.
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