The march toward the Beast of Revelation in Europe moves forward
King Juan Carlos I of Spain announced his abdication today after 39 years on the throne to 'open a new era of hope for a younger generation'.
The 76-year-old - who made the surprise announcement in a televised address today - will hand the throne to his son, Prince Felipe, 46, and his glamorous wife Letizia, a former award-winning newsreader and divorcee.
He is the third European monarch to abdicate in just over a year after King Albert II of Belgium gave his crown to son Philippe last July, three months after Queen Beatrix of the Netherlands made way for her firstborn, Prince Willem-Alexander.
Juan Carlos, who oversaw his country's transition from dictatorship to democracy, has seen the twilight of his monarchy blighted by scandal and health problems, including five operations in the last two years.