Spainโ€™s King Juan Carlos abdicates

Spainโ€™s King Juan Carlos I has announced that he will abdicate the throne in favor of his son Crown Prince Felipe, Spainโ€™s Prime Minister Rajoy said in an unexpected news conference.

Rajoy did not give a reason for the kingโ€™s abdication, though Juan Carlos is expected to make a statement later today

[cnn]