via dotcom:

http://abcnews.go.com/GMA/video/pope-benedict-to-resign-vatican-says-18462575

or per tradition:

http://news.yahoo.com/pope-resigning-feb-28-conclave-march-111658944.html


VATICAN CITY (AP) — Pope Benedict XVI announced Monday that he would resign 
Feb. 
28 — the first pontiff to do  so in nearly 600 years. The decision sets the 
stage for a conclave to  elect a new pope before the end of March.
The 85-year-old pope announced his decision in Latin during a meeting of 
Vatican 
cardinals on Monday morning.
He emphasized that carrying out the duties of being pope — the leader of more 
than a billion Roman Catholics worldwide — requires "both strength of mind and 
body."
"After having repeatedly examined my conscience before God, I have  come to the 
certainty that my strengths due to an advanced age are no  longer suited to an 
adequate exercise of the Petrine ministry," he told  the cardinals. "I am well 
aware that this ministry, due to its essential  spiritual nature, must be 
carried out not only by words and deeds but  no less with prayer and suffering.
"However, in today's world, subject to so many rapid changes and  shaken by 
questions of deep relevance for the life of faith, in order to  govern the bark 
of St. Peter and proclaim the Gospel, both strength of  mind and body are 
necessary — strengths which in the last few months,  has deteriorated in me to 
the extent that I have had to recognize my  incapacity to adequately fulfill 
the 
ministry entrusted to me."
The last pope to resign was Pope Gregory XII, who stepped down in 1415 in a 
deal 
to end the Great Western Schism among competing papal claimants.
Benedict called his choice "a decision of great importance for the life of the 
church."
The move sets the stage for the Vatican to hold a conclave to elect a  new pope 
by mid-March, since the traditional mourning time that would  follow the death 
of a pope doesn't have to be observed.
There are several papal contenders in the wings, but no obvious  front-runner — 
the same situation when Benedict was elected pontiff in  2005 after the death 
of 
Pope John Paul II.

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