The constitutional monarchy is from 1814, but our real political power is democratically elected every 4 years. There is a significant minority who wants a republic instead, but most of us like having an unpolitical symbolic head of state to do the speaches, diplomacy and ribbon cutting that we can (mostly) all get behind. It's the same system as in Sweden and Denmark.
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I think this will be required to get full score on the safety test in Europe soon, so hopefully it can bleed into the global car market in a few years.