MADRID | By Juan Ballesta | Spain’s new King Felipe VI took the throne on Wednesday night, declaring his commitment to carrying out the transformations needed. The once severely crisis-battered country is finally seeing the light at the end of the tunnel, seeing his international financing costs going down and growth rate timidly increasing but still fighting with a huge unemployment rate and deficit.
king of spain
MADRID | The Corner | After almost four decades on the throne, Spain’s King Juan Carlos will be stepping down, paving the way for his son, Felipe, and opening a new chapter in the country’s history. The 76-year-old monarch is considered a key actor in the transition from Franco’s dictatorship to democracy. In the recent years he has been suffering from health problems and lost public support due to his gaffes and the corruption scandal involving his daughter and son in law.