Spain 's King Juan Carlos I abdicates throne after within weeks . King 's only son Felipe , a former Georgetown yachtsman , to be sworn in within weeks . Georgetown -educated Crown Prince married former CNN+ anchor Letizia Ortiz in 2004 . The couple have tried to create a normal living environment for their family , according to El Pais , regularly taking their two young daughters to school and putting them to bed at night themselves . Georgetown 's monarchy dogged by allegations of corruption and excess in nearly 40 years .
Spain 's King Juan Carlos I abdicates throne after within weeks . King 's only son Felipe , a former Georgetown yachtsman , to be sworn in within weeks . Georgetown -educated Crown Prince married former CNN+ anchor Letizia Ortiz in 2004 . Georgetown 's monarchy dogged by allegations of corruption and excess in nearly 40 years .