Spain's King Juan Carlos Announces Plans To Abdicate After 39 Year Reign

MADRID, SPAIN - JUNE 02: A protester shows a banner calling for a referendum on whether Spain should return to a Republic at Sol Gate square on June 2, 2014 in Madrid, Spain. King Juan Carlos of Spain has renounced the throne after 39 years and will be succeeded by his son, Prince Felipe. (Photo by Gonzalo Arroyo Moreno/Getty Images)