(L-R) Spain's Princess Letizia, Crown Prince Felipe, King Juan Carlos and Queen Sofia pay their respects to the Spanish flag during a ceremony marking Spain's Armed Forces Day in Madrid June 8, 2014. Spain's King Juan Carlos said on June 2 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/Susana Vera (SPAIN - Tags: ROYALS POLITICS MILITARY)