Spain's King Juan Carlos is stepping down from the throne, clearing the way for his son Prince Felipe to take over. Prime Minister Mariano Rajoy made the abdication announcement on national television.
Spain's King Juan Carlos
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Spanish King Juan Carlos drinks wine out of a large traditional glass of Germany's Rhineland-Palatinate area during a visit in Deidesheim, Germany, July 17, 1997.
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Spain's Princess Elena waves to the crowds as she is escorted by her father King Juan Carlos to the altar of Seville's cathedral on March 18, 1995.
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King Juan Carlos of Spain is thrown into a swimming pool after winning the King's Cup Yacht Race in Palma de Mallorca, August 8, 1993.
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Former Spanish dictator General Francisco Franco salutes beside his wife Carmen Polo, the then Prince Juan Carlos of Spain and his wife Princess Sofia as they listen to the national anthem during a ceremony at El Pardo Palace, Oct. 4, 1975.