THE GUARDIAN: Egyptian President Hosni Mubarak's announcement that he will serve out remaining term immediately rejected by angry crowds
Egypt's embattled president Hosni Mubarak has bowed to the pressure of millions of people massing on the streets, pledging to step down at the next election and pave the way for a new leader of the Arab world's largest country.
Mubarak, effectively abandoned by the US in a day of fast moving developments, said he would not be a candidate for a seventh term but would remain in power to oversee reform and guarantee stability — a position that was immediately rejected by angry crowds and promised yet more drama in Egypt's extraordinary crisis.
"In the few months remaining in my current term I will work towards ensuring a peaceful transition of power," Mubarak said. "I have exhausted my life in serving Egypt and my people. I will die on the soil of Egypt and be judged by history" – a clear reference to the fate of Tunisia's president who fled into exile last month.
Looking grave as he spoke on state TV in front of the presidential seal, Mubarak attacked those responsible for protests that had been "manipulated by political forces," caused mayhem and chaos and endangered the "stability of the nation."
In a defiant, finger-wagging performance the 82-year-old said he was always going to quit in September – a position he had never made public until now. >>> Jack Shenker and Peter Beaumont in Cairo and Ian Black | Tuesday, February 01, 2011
