Prince Felipe

(Newser) - Spain's Prince Felipe became King Felipe VI at midnight as the abdication of his father , King Juan Carlos, became official. The occasion was fairly low-key, with no foreign heads of state present and no huge state banquet, which the palace says was "in keeping with the criteria of...

(Newser) - At 76, Spain's King Juan Carlos is abdicating after four decades, handing the throne to his son, Prince Felipe. "A new generation must be at the forefront," he said in a nationally televised address. Prime Minister Mariano Rajoy announced the move today, calling on the courts to...

(Newser) - Things are tough all over in Spain, and now even the royals are taking a hit. King Juan Carlos' salary is being shaved 7.1%, down to $332,000. His son, Prince Felipe, also faces a 7% cut, to $161,000. In addition, the $10 million royal budget will be...