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The Prime Minister announced this morning that the King has stepped down in favour of his son Prince Felipe
02.06.14 - 11:17 -
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King Juan Carlos abdicates
King Juan Carlos handed over his signed abdication to the Prime Minister this morning. SUR
In a statement made to the country on Monday morning, King Juan Carlos confirmed his abdication in favour of his son, Prince Felipe.
"I want to make way for a younger generation who can bring hope," said the King.
"Felipe represents stability," he added. "He has the maturity and responsibility needed to take over as Head of State."
In his statement to the press earlier on Monday, Rajoy expressed his conviction that the people of Spain would deal with the change in a climate of "tranquility and gratitude" towards Juan Carlos.