>> A bombshell from New Zealand's Prime Minister on Monday, John Key announcing he's quitting next week after almost eight years in the top job. He's been one of the country's most popular leaders ever, but rather than run for a fourth term, he says he wants to leave on a high.
>> I honestly don't think, on a family basis and on a lot of other reasons, I could commit for much beyond the next solutions. So I've got no option, but to do it now. Now is the right time to do it rather than, I've come too far to mislead the public, I'm not gonna do that.
>> Key flatly denied local media reports his wife gave him an ultimatum to resign, but his resignation makes little political sense. Key's enjoyed consistently high poll numbers, stirring his nation through the financial crisis and two deadly earthquakes. Key says he has no future plans, but told reporters he'd stay in Parliament long enough to avoid a snap election for his seat.
Key's given the thumbs-up for his deputy, Bill English, to take his place. Parliament votes on his replacement next Monday.