As many of you are likely already aware, Pope Benedict XVI announced that he will resign on February 28, 2013, citing deteriorating strength. Below is the full statement from Pope Benedict XVI.
I implore you to pray for Pope Benedict XVI and our future pope in this trying time, and to support each other as the media’s speculation turns, as always, to sensationalism. Study the Faith, stand up for the truth, and let us all join in prayer for the future of the Catholic Church.
I have convoked you to this consistory, not only for the three canonizations, 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. I am well aware that this ministry, due to its essential spiritual nature, must be carried out not only with 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, strength 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. For this reason, and well aware of the seriousness of this act, with full freedom I declare that I renounce the ministry of Bishop of Rome, Successor of St. Peter, entrusted to me by the cardinals on April 19, 2005, in such a way, that as from Feb. 28, 2013, at 20:00 hours, the See of Rome, the See of St. Peter, will be vacant and a conclave to elect the new Supreme Pontiff will have to be convoked by those whose competence it is.
Dear brothers, I thank you most sincerely for all the love and work with which you have supported me in my ministry, and I ask pardon for all my defects. And now, let us entrust the holy Church to the care of our Supreme Pastor, Our Lord Jesus Christ, and implore his holy Mother Mary, so that she may assist the cardinal fathers with her maternal solicitude in electing a new Supreme Pontiff. With regard to myself, I wish to also devotedly serve the holy Church of God in the future through a life dedicated to prayer.
From the Vatican, February 10, 2013
BENEDICTUS PP XVI