Spain's King Juan Carlos to abdicate

TheGuardian: Monarch says he is proud of country's transition to democracy but son Felipe has the maturity to 'open a new era of hope'

After 39 years on the throne, King Juan Carlos of Spain will abdicate in favour of his son Crown Prince Felipe, the king said in a televised address on Monday

Hours after the prime minister, Mariano Rajoy, broke the news, the king explained his decision on Spanish television and radio. He highlighted his pride in the "transformation of Spain" and the "tremendous amount achieved by all" since the country's transition into democracy.

"Today, when I look back, I cannot help but feel pride and gratitude towards all of you," he said.

The decision to step down, he said, was made after his 76th birthday in January. His son Felipe, he assured Spaniards, "has the maturity, preparation, and sense of responsibility necessary to assume the title of head of state and open a new era of hope which combines the experience and momentum of a new generation."

Once one of the world's most popular monarchs, more recently Juan Carlos has been plagued by a series of scandals that have sent his popularity plummeting. A poll by El Mundo last year found that nearly two-thirds of Spaniards thought the king should abdicate.

It was a stunning reversal of opinion for a leader who just two years before, in 2012, had earned the approval of almost 80% of Spaniards. Taking the throne just two days after the death of Franco in 1975, Juan Carlos won the respect of Spaniards by steering the country from dictatorship to democracy, including foiling a coup attempt in 1981.

But as Spain fell into financial crisis, the king's standing sank. A particularly low point came when it was revealed that he had taken a luxurious trip to Botswana to hunt elephants, just weeks after telling a reporter that he was so distraught about the growing ranks of the unemployed that he was having trouble sleeping.

The royal family's image was further tarnished by a long-runningcorruption investigation into the king's daughter, Princess Cristina, and her husband Iñaki Urdangarin.

Many, particularly young Spaniards, began to see the king as part of Spain's problems, drawing parallels between him and the economic and political powers that had driven the country into the economic crisis. While the king's approval rating dropped steadily, that of his son Felipe remained stable at around 66%, leading many to suggest that the monarchy would be better off if the king abdicated.

In Monday's announcement, Rajoy praised Juan Carlos, calling him a "tireless defender of our interests". He added: "I'm convinced this is the best moment for change."

Ashifa Kassam in Madrid