Today is a momentous day in Spanish History as King Juan Carlos I declares his intention to abdicate the throne. There is a referendum that opposes such action, and therefore, before it is made official it must be voted on by the government. If it passes, he has chosen for his son, Felipe to be the next royal monarch.
Everyone is buzzing about the news and many believe that it is tied to the scandal with his daughter Cristina (She and her husband have been charged with embezzlement of millions of euros) or some other catalyst that would make him want to renounce his title. No one is sure what the fate of the monarchy will be and I will be sure to keep you all abreast from the capital.
Here is the NYtimes article covering the story to give you more background on this story.