Pope Benedict XVI announced his decision in the Vatican

Pope Benedict XVI has announced his resignation. Here is the full text of his statement from the Vatican:

Dear Brothers,

I have convoked you to this Consistory, not only for the three canonisations, but also to communicate to you a decision of great importance for the life of the Church.

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.