Spain's King Carlos to Abdicate, Son to Take Over: PM

Spain's King Carlos is to abdicate and his son, Crown Prince Felipe, will take over the throne, the country's prime minister announced Monday, NBC News reported. A constitutional amendment will be required to allow the change to take place, the Mariano Rajoy said in a televised statement. Juan Carlos, 76, oversaw his country's transition from dictatorship to democracy but has had repeated health problems in recent years.

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