Friday, February 11, 2011

Mubarak Resigns As Egyptian President, Ending 30 Year Reign

Former President Hosni Mubarak

President hands over authority to military, a day later after he refused to step down.

By H. Nelson Goodson
February 11, 2011

Cairo, Egypt - On Friday, Egyptian President Hosni Mubarak, 82, unexpectantly resigned, a day later after he refused to step down by outside pressure. Mubarak handed over power to the High Council of the Armed Forces led by Defense Minister Mohamed Hussein Tantawi. The military in the past two weeks began to support the 18 day demand of the majority of the Egyptian people for Mubarak to resign.
Vice President Omar Suleiman on Friday made the announcement on national TV that Mubarak had resigned. Mubarak has left Egypt. The military high council is expected to begin the transition to a civilian government.
Mubarak resignation ends 30 years of regime rule in Egypt and the government is heading for a smooth transition to democracy. Over a million people throughout Tahrir Liberation Square in Cairo began to cheer, chant, hug each other in celebration and fireworks exploded ending their final day of Mubarak's regime rule. People and soldiers celebrated a new dawn of freedom for Egypt as the world witness transformation of government.
"Egypt is free at last" some of the Egyptians shouted and to many of the protesters, it became a historical event ending 30 years of state rule. More than 300 Egyptians had died during the 18 days of protests, according to news reports.
On Thursday, Mubarak refused to step down and handed some powers to Vice President Suleiman. Mubarak dissolved the upper levels of government too, to calm the protesters. But, they "boo" him and waved shoes over their heads when he announced that he would not step down. Major protests continued on Friday leading to his resignation.
President Barack H. Obama welcomed the news and America is ready to offer any help for a smooth democratic transition of government. The people of Egypt have spoken and its voices have been heard...and "Egypt will never be the same," added Obama.
Mubarak's resignation led to the lowering the barrel price of oil to $85.00 and gold prices were lowered by $2.00.

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