Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: Spanish monarchy | Statement: [Council of Grandees, partOf, Spanish monarchy]

Target entity: Spanish monarchy
Context triple: [Council of Grandees, partOf, Spanish monarchy]

• A. Spanish monarchy chosen
  The Spanish monarchy is the hereditary royal institution that has historically ruled Spain, shaping its political, religious, and imperial affairs over centuries.
• B. Iberian royal family
  The Iberian royal family was the ruling dynasty of the ancient Kingdom of Iberia (Kartli) in eastern Georgia, traditionally associated with early Christian monarchs and regional Caucasian power.
• C. Habsburg Spain
  Habsburg Spain was the powerful early modern Spanish monarchy ruled by the Habsburg dynasty, which dominated European politics and global empire-building from the early 16th to the early 18th century.
• D. Regency of Spain
  The Regency of Spain was a provisional governing authority that ruled the country during periods when the monarch was absent, incapacitated, or otherwise unable to exercise royal power.
• E. Spanish Crown Patrimony
  Spanish Crown Patrimony is the collection of properties and assets historically owned by the Spanish monarchy and used for official, cultural, and representative purposes of the state.
• F. None of above.
• G. Unsure - the case is ambiguous/there is not enough information to decide.