The article by Miguel González in EL PAÍS discusses the significant implications that could arise from the potential return of former King Juan Carlos I to Spain. This possibility has been recently raised by Alberto Núñez Feijóo, the leader of the People's Party (PP), signaling a shift in political discourse regarding the monarchy and its past controversies. González elaborates on the constitutional, political, and social ramifications that may unfold should Juan Carlos decide to resettle in Spain after years of self-imposed exile following scandals linked to his reign.

One key point raised in the article is the debate surrounding the monarchy's role in contemporary Spain. The return of Juan Carlos could reignite discussions about the constitutional monarchy's relevance and the historical accountability of its figures. This is especially sensitive given the widespread public interest in the royal family's past and the scandals that have tarnished its image, including financial misconduct and the circumstances leading to the king's departure. González suggests that such a return may not only affect the monarchy's current operations but could also influence national sentiment regarding the institution itself.

Furthermore, the piece touches on the potential political ramifications, particularly for the PP and its leadership. By expressing support for Juan Carlos's return, Feijóo may be positioning the party in a way to harness royalist sentiments among its base. However, this could backfire, as many citizens harbor negative feelings towards the monarchy due to the aforementioned scandals. Ultimately, the article presents a nuanced view of how Juan Carlos's return could impact Spain's political landscape and societal attitudes towards monarchy, suggesting that any move towards reintegration would need to be carefully considered.