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Military Coup in Egypt: White House welcomes Mubarak´s “resignation”.

Mubarak resigned, announced vicepresident Suleiman (credit photo AP).

Mubarak is no longer President of Egypt.

Egyptian President Hosni Mubarak has resigned and handed over power to the military, yielding to a historic 18-day wave of demonstrations by hundreds of thousands of Egyptians who wanted him to step down.

The announcement was made live on state TV by a tense Vice-President Omar Suleiman at about 6 p.m. local time Friday.

Egyptian President Mubarak’s decision to step down from power is “obviously a welcome step,” a U.S. official involved in the Egypt discussions said Friday.

Now comes “an unpredictable next chapter,” and he added ” Mubarak’s decision is a sign the military chose society” over Mubarak.

Many politicians all over the world are urging for a peaceful transition of power towards a democratic elected government.  One of them is the Senate Democrat Leader Harry Reid, urging for a peaceful transition of power for the longtime U.S. ally.

Good old times: In an April 4, 1989 file photo, President George H. W. Bush walks with Egyptian President Hosni Mubarak as they arrive back at the White House in Washington, after spending the afternoon attending a baseball game. (Credit AP Photo/Doug Mills, File)

Reid said “it is crucial that Mubarak’s departure be an orderly one and that it leads to true democracy for Egypt, including free, fair and open elections.”

“We caution all sides against violence during this transition” he added.