World Bulletin / News Desk
The Spanish cabinet is meeting to discuss a draft law on Prince Felipe's accession to the throne after his father King of Spain Juan Carlos I announced his abdication on Monday after 40 years on the throne.
Meanwhile, thousands of anti-monarchists took to the streets on Tuesday in the Spanish cities of Madrid, Barcelona, Valencia, Granada and Sevilla calling for a "third republic".
The biggest square, la Puerta del Sol in Madrid was packed with tens of thousands of demonstrators calling for a referendum on the future of the monarchy in Spain.
However, Spain's two main political parties, the ruling People's Party (PP) and Spanish Socialist Workers' Party (PSOE) remain loyal to the monarchy.
Leftist newspaper, El Pais in its Tuesday edition, praised King Juan Carlos for his intervention in the 1981 coup, which became a pivotal moment for continuation of democracy in Spain, which after the death of the dictator Franco in 1975 had not been assured.
"The King behaved towards all political parties with equal respect and objectivity, and avoided comments that will cause dispute," the newspaper said.
La Vanguardia, Catalonian-based newspaper, says a new social and political period is beginning, urging its readers to trust in the intelligence and vision of the Prince Felipe, 46.
The 76 year-old king has had health problems and his reign has been beset with scandals in recent years. One was his 2012 elephant-shooting trip when Spain was mired in financial crisis.
There are several challenges which the new King will face when he ascends to the throne.
Financial crises, unemployment, poverty and a demand for independence by Catalonia.Last Mod: 03 Haziran 2014, 16:51