"My dignity and legacy require me to leave Spain," King Juan Carlos I added as he recalled the relevance of his work in the service of democracy.
Felipe VI sent to his father his understanding and appreciation for this decision. The decision was announced a few days after Felipe VI and Queen Letizia completed a tour throughout Spain.
Four months ago, Felipe VI decided to put an end to his father's annual allocation of almost 200,000 euros from public funds. He also publicly renounced any inheritance from Juan Carlos I's foreign accounts.