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"The surest way for the bloodshed to end is simple....Gaddafi and his regime need to recognise that their rule has come to an end," the US President said as Libyans around the world celebrated the imminent end of the man who ruled Libya for 42 years.
As TV channels beamed pictures of rebel fighters and people dancing with joy at Tripoli`s historic Green Square now renamed Martyr`s Square, the British Prime Minister David Cameron declared that Gaddafi was in "full retreat" and told him he had no hopes of clinging to power.
As European envoys reported that rebels controlled almost 95 per cent of Libya, Cameron also announced that Britain will soon release frozen Libyan assets to help a new transitional government, BBC reported.
Welcoming the triumph of the rebels, the French Foreign Minister announce that Paris would host a meeting of international powers engaged in the Libyan conflict next week to chalk out ways to ensure a smooth transition to democratic rule in Libya.
BBC said President Nicolas Sarkozy said in a statement that Gaddafi to avoid bloodshed should immediately renounce power and tell forces still loyal to him to ceasefire.
The comments were echoed in Berlin where the Economy Minister Philip Roesler told reporters that "Gaddafi will be caught soon and handed over to international court in The Hague for trial".
BBC also said that NATO command in Brussels had announced that its combat air patrols would continue over Libya until all pro-Gaddafi forces surrender.
In London, the Libyan rebel councils top diplomat said that no power vacuum would be allowed in Libya and the transitional regime would move from Benghazi to Tripoli immediately.
China, which has been backing Gaddafi, was more measured than the West in its reaction promising to cooperate with whatever government takes over in Tripoli.
South Africa, which had come to the scene as a possible exile for the Libyan dictator denied that Gaddafi and his family were being offered shelter.
