King Felipe Proclaimed New King of Spain, The Ceremony [PHOTOS]

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  • Spain's Queen Letizia (L) touches the cheek of her daughter Princess Leonor
    Spain's Queen Letizia (L) touches the cheek of her daughter Princess Leonor during the swearing-in ceremony for Spain's new King Felipe VI (not seen) at the Congress of Deputies in Madrid, June 19, 2014. Spain's new king, Felipe VI, was sworn in on Thursday in a low-key ceremony which monarchists hope will usher in a new era of popularity for the troubled royal household. REUTERS
  • Spain's new King Felipe VI, his wife Queen Letizia, Princess Sofia and Princess Leonor (L)
    Spain's new King Felipe VI, his wife Queen Letizia, Princess Sofia and Princess Leonor (L) appear on the balcony of the Royal Palace in Madrid, June 19, 2014. Spain's new king, Felipe VI, was sworn in on Thursday in a low-key ceremony which monarchists hope will usher in a new era of popularity for the troubled royal household. REUTERS
  • Spain's Queen Sofia (L) blows a kiss as Infanta Elena applauds
    Spain's Queen Sofia (L) blows a kiss as Infanta Elena applauds during the swearing-in ceremony for new King Felipe VI (not seen) at the Congress of Deputies in Madrid, June 19, 2014. Spain's new king, Felipe VI, was sworn in on Thursday in a low-key ceremony which monarchists hope will usher in a new era of popularity for the troubled royal household. REUTERS
  • Spain's new King Felipe VI, Princess Leonor and King Juan Carlos
    Spain's new King Felipe VI, Princess Leonor and King Juan Carlos appear on the balcony of the Royal Palace in Madrid, June 19, 2014. Spain's new king, Felipe VI, was sworn in on Thursday in a low-key ceremony which monarchists hope will usher in a new era of popularity for the troubled royal household. REUTERS
  • Spain's new King Felipe VI, his wife Queen Letizia, Princess Sofia and Queen Sofia
    Spain's new King Felipe VI, his wife Queen Letizia, Princess Sofia and Queen Sofia appear on the balcony of the Royal Palace in Madrid, June 19, 2014. Spain's new king, Felipe VI, was sworn in on Thursday in a low-key ceremony which monarchists hope will usher in a new era of popularity for the troubled royal household. REUTERS
  • Spain's new King Felipe VI (L) delivers a speech next to his wife Queen Letizia (2ndL), their daughters Princess Leonor and Princess Sofia
    Spain's new King Felipe VI (L) delivers a speech next to his wife Queen Letizia (2ndL), their daughters Princess Leonor and Princess Sofia during the swearing-in ceremony at the Congress of Deputies in Madrid, June 19, 2014. Spain's new king, Felipe VI, was sworn in on Thursday in a low-key ceremony which monarchists hope will usher in a new era of popularity for the troubled royal household. REUTERS
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King Juan Carlos of Spain officially abdicates his post for his heir newly-proclaimed King Felipe VI after his four-decade reign. With tears in his eyes, the former king sealed his abdication by signing the act of parliament ending his reign with a golden pen on Wednesday, at a ceremony in Madrid's Royal Palace.

Cannons fired a salute and people shouting "Long Live the King" rang out as the royal family arrived by car before the ceremony. Thousands of red and yellow Spanish flags decorated with white flowers are scattered around Madrid to hail the soon-to-be-king, while shops around the country took the opportunity to sell T-shirts and fridge magnets to honor the new generation of royals.

The two royals shared a historical embrace under the palace's chandeliers as it marked the first royal succession in Spain's post-Franco history. New King Felipe VI and the country's future queen Letizia and Juan Carlos' wife Queen Sofia applauded Juan Carlos as the band struck up the national anthem.

Bringing a fresh face to the Spanish monarchy, the 46-year-old monarch coronation is a no-frills ceremony without a formal coronation rite. The event doesn't even have foreign royals or head of state to witness the occasion.

"I have great hope for the future of Spain ... a nation whose destiny has been intertwined with my destiny since I was born," Felipe addressed those who assembled in the old palace in western Madrid. The 76-year-old royal spoke of a "united and diverse" Spain and close his speech by saying "thank you" in Spain's four regional languages: Castilian Spanish, Catalan, Basque and Galician.

The no-fuss ceremony was followed by a parade with the royal family riding down Madrid's Gran Via to the Royal Palace, about a mile from the parliament building. Riding a convertible black Rolls Royce, the united three generations of royals waved to supporters who are celebrating with the country.

A former television news presenter, the 41-year-old future queen of Spain is a granddaughter of taxi driver. The royal couple have two daughters: Sofia, seven, and Leonor, eight, the youngest heiress to the throne in Europe.

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