Benedict will become the first pontiff to resign since Gregory XII, who stepped down in 1415 to resolve a schism that had divided the church. Today's announcement took even senior church officials by surprise, Vatican spokesman Lombardi said. Italian Prime Minister Mario Monti, on the sidelines of an event in Milan, said he was very shaken by the unexpected news, Italian news agency Ansa reported.
Left, Pope Benedict XVI receives Prince Albert II of Monaco at his private library, in Vatican City, on Dec. 5, 2005.
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.