Hosni Mubarak will not run in the upcoming elections in Egypt in September.
In his public, recorded statement, he pledged to the Egyptian people, and to the international leaders, his decision not to run. However, he also indicated that he hopes to remain in office until then, handing off the leadership of the government in a more stable situation than the current unrest.
While referring to the looting and violence that has marked the uprisings, he did not mention the repressive actions of his administration that have so provoked the thousands, if not millions, in the Tahrir Square in Cairo.
There is word that the U.S. dispatched a former ambassador to Egypt under the George H.W. Bush presidency, to convey the decision of the current administration that Mubarak's time as president is over.
Now, we wait for the reactions of the people in the streets of the cities of Egypt, to ascertain the impact of the president's address.