I wrote a couple weeks ago that after Juan Carlos, King of Spain, dies, there might possibly be a referendum to transform Spain into a republic, like the United States, France and Germany.
I’m changing my mind. The royal wedding just took place in England and the Spaniards were glued to their TVs the whole time. Every news channel ran a long segment on the wedding and went on to talk about the Spanish royalty. The Spanish, especially the women, love the idea of royalty at home and abroad. This tradition is not going to change; there’s no real any need for it to change anyway.
Conclusion. Unless there’s some huge upheaval in Spain, i.e. a war, which isn’t likely, the monarchy is going to be around for at least a couple of generations.