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Pope Benedict XVI announces he's stepping down (+video)

The Pontiff said he's physically unable to carry out duties as head of the Roman Catholic church and will resign by the end of February.

Cardinal Timothy Dolan, Archbishop of the Diocese of New York, reacts to the announcement that the Pope is resigning.
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Pope Benedict XVI announced Monday that he would resign on Feb. 28 because he was simply too infirm to carry on — 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 barque 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.

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