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Crisis? What crisis?

Can someone explain why the abdication of King Juan Carlos of Spain should be referred to in the press as a ‘crisis‘?

As I see it, one unelected member of a privileged elite is stepping aside to give another unelected member of a privileged elite a go. Why should this concern anyone but them? Except, of course, insofar as the people pay for them to enjoy their priviliged lifestyles. The only problem that I can see is that, one of the having called it a day, there should be another waiting to take on the parasitism.

Bring on the republic!