Staff Writerabdicate the throne after almost forty years of rule. Juan Carlos will step down and his son Prince Felipe will accede. Prime Minister Mariano Rajoy said the Spanish cabinet would consider "constitutional measures" in order to arrange for the complex move, which could take up to a month to fully formalize. The majority of the Spanish parliament still claims loyalty to the monarchy, but most left-wing parties are staunchly opposed to the royals. The public seems to echo this sentiment as tens of thousands have participated in demonstrations in cities throughout the country. Juan Carlos and members of his family have been plagued recently by accusations of corruption and egregious spending at the expense of the financially beleaguered nation. The more popular and less controversial Prince Felipe will be proclaimed King Felipe VI by parliament on June 6th, but it may be too little, too late for the overall reputation and power of the royal family. Many of the anti-monarchists are not only clamoring for the abdication of Juan Carlos, but also new measures that will strictly regulate the role of all future royals. Keep Up With PopWrapped On The Web!