Zeenews Bureau
Vatican City: In a surprise announcement, the Vatican on Monday declared Pope Benedict XVI will resign on Feb 28. Pope Benedict said in a statement that his strength is no longer adequate to continue in office, reported the BBC. "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..."

"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 Saint Peter and proclaim the Gospel, both strength of mind and body are necessary, strength which in the last few months, has deteriorated in me to the extent that I have had to recognise my incapacity to adequately fulfil the ministry entrusted to me," the Pope stated.

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Benedict called his choice "a decision of great importance for the life of the church."

Pope Benedict’s announcement, which was made in Latin, came at a meeting of Vatican cardinals.
Indeed, the move allows the Vatican to hold a conclave before Easter to elect a new pope, since the traditional mourning time that would follow the death of a pope doesn`t have to be observed.
It will also allow Benedict to hold great sway over the choice of his successor. He has already hand-picked the bulk of the College of Cardinals — the princes of the church who will elect the next pope — to guarantee his conservative legacy and ensure an orthodox future for the church.
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.
The Vatican stressed that no specific medical condition prompted Benedict`s decision, but in recent years, the pope has slowed down significantly, cutting back his foreign travel and limiting his audiences. He now goes to and from the altar in St. Peter`s Basilica on a moving platform, to spare him the long walk down the aisle. Occasionally he uses a cane.
His 89-year-old brother, Georg Ratzinger, said doctors had recently advised the pope not to take any more trans-Atlantic trips.
"His age is weighing on him," Ratzinger told the dpa news agency. "At this age my brother wants more rest."
Benedict 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.
"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, have deteriorated in me to the extent that I have had to recognize my incapacity to adequately fulfill the ministry entrusted to me," he said.
Popes are allowed to resign; church law specifies only that the resignation be "freely made and properly manifested." But only a handful have done it.
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. The most famous resignation was Pope Celestine V in 1294; Dante placed him in hell for it.
When Benedict was elected at age 78, he was the oldest pope chosen in nearly 300 years. At the time, he has already been planning to retire as the Vatican`s chief orthodoxy watchdog to spend his final years writing in the "peace and quiet" of his native Bavaria.
On Monday, Benedict said he would serve the church for the remainder of his days "through a life dedicated to prayer." The Vatican said immediately after his resignation, Benedict would go to Castel Gandolfo, the papal summer retreat south of Rome, and then would live in a cloistered monastery.
Contenders to be his successor include Cardinal Angelo Scola, archbishop of Milan, Cardinal Christoph Schoenborn, the archbishop of Vienna, and Cardinal Marc Ouellet, the Canadian head of the Vatican`s office for bishops.
With Agency Inputs