People hold Spanish Republican and Catalan independence flags during a demonstration against the monarchy and in favour of the Republic in front of Mataro's City Hall near Barcelona, June 2, 2014 Spain's King Juan Carlos said on Monday he would abdicate in favour of his son Prince Felipe, aiming to revive the scandal-hit monarchy at a time of economic hardship and growing discontent with the wider political elite. REUTERS/Gustau Nacarino (SPAIN - Tags: POLITICS ROYALS CIVIL UNREST)