In this photo released by the Royal Palace on June 2, 2014, Spain's King Juan Carlos, left hands a signed document to Spain's Prime Minister Mariano Rajoy in the Zarzuela Palace opening the way for ... more 
In this photo released by the Royal Palace on June 2, 2014, Spain's King Juan Carlos, left hands a signed document to Spain's Prime Minister Mariano Rajoy in the Zarzuela Palace opening the way for his abdication. Spain’s King Juan Carlos it was announced Monday June 2 2014 will abdicate and pave the way for his son, Crown Prince Felipe, to take over, Spanish Prime Minister Mariano Rajoy told the country Monday in an announcement broadcast nationwide. He did not say when Juan Carlos would abdicate because the government must now craft a law creating a legal mechanism for the abdication and for 46-year-old Felipe’s assumption of power. The 76-year-old Juan Carlos oversaw his country’s transition from dictatorship to democracy but has had repeated health problems in recent years. (AP Photo/Spanish Royal Palace) less 
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Associated Press | Photo By Spanish Royal Palace
Mon, Jun 2, 2014 8:09 AM EDT