THE King of Spain has abdicated, just days after a poll revealed the vast majority of Spaniards believe the Royal family is linked to corruption.
Prime Minister Mariano Rajoy announced the news this morning.
His son Crown Prince Felipe will become the country’s next king.
The 76-year-old Juan Carlos oversaw his country’s transition from dictatorship to democracy but has had repeated health problems in recent years.
He has also been mired in a string of Royal scandals over recent years, including claims that his family were involved in corruption and an embarrassing elephant-shooting trip.
The king came to power in 1975, two days after the death of longtime dictator Francisco Franco.
His son-in-law Inaki Urdangarin is still facing trial over claims that he syphoned millions of euros from public money in a sports promotion scandal.
In a poll released last week 85% of Spaniards believe the Royals are linked to corruption.
“His Majesty King Juan Carlos has just told me of his wish to renounce the throne and begin the succession process of succession,” Rajoy said during the press conference.
So far, no reason has been given for his abdication.