Fidel Castro stepping down as president of Cuba after 49 years - MarketWatch
Fidel Castro steps down as president of Cuba
By Steve Goldstein, MarketWatch
Last update: 10:20 a.m. EST Feb. 19, 2008
LONDON (MarketWatch) -- Fidel Castro resigned as president of Cuba on Tuesday, with the ailing Communist leader stepping down after 49 years in power.
The 81-year-old Castro made the announcement in a statement to the Communist Party daily Granma, the Associated Press reported.
"I will not aspire nor accept -- I repeat I will not aspire or accept, the post of president of the Council of State and Commander in Chief,'' the statement read.
In practice, his 76-year-old brother Raul has been running the country since July 2006.