Queen Sofia, left, Spain's King Juan Carlos, 2nd left, Spain's Crown Prince Felipe, 3rd left and Princess Letizia stand during a ceremony where King Juan Carlos  signed an abdication law at the Royal Palace in Madrid, Spain, Wednesday June 18, 2014. Spain's Juan Carlos formally ratified the law, signing a legislation setting out the legal framework for the handover so his 46-year-old son can be proclaimed King Felipe VI at a ceremony in Parliament on Thursday. The 76-year-old monarch says he wants to step aside after a four-decade reign so that younger royal blood can rally a country beset by economic problems, including an unemployment rate of 25 percent. (AP Photo/Alberto Martin, Pool)
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