Posted AT 3:32 PM EST on 18/08/08
Pakistan's beleaguered Musharraf resigns
ISLAMABAD Pervez Musharraf resigned as the president of Pakistan on Monday, ducking out of a power struggle with rivals vowing to impeach him that would have deepened the country's political crisis.
His exit, communicated in a defiant televised address, gives the political parties, which sidelined the steadfast U.S. ally after February elections and have now driven him from office, a chance to consolidate Pakistan's shaky democracy.
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