Egyptian President Hosni Mubarak has stepped down tonight and handed power to the military.Country’s vice President Omar Suleiman said in a brief televised statement that taking into consideration the difficult circumstances the country is going through, President Mohammed Hosni Mubarak has decided to leave the post of president of the republic and has tasked the Supreme Council of the Armed Forces to manage the state's affairs. The announcement, delivered during evening prayers in Cairo, set off a frenzy of celebration, with protesters shouting Egypt is free.Nobel Peace laureate Mohammed ElBaradei told that this is the greatest day of his life. He added that the country has been liberated after decades of repression adding that he expects a beautiful transition of power.Earlier state media reported that Mr. Mubarak and his family left the Egyptian capital Cairo for his resort home in Sharm el-Sheik in the face of biggest ever demonstrations across the country.