The Bulgarian Prime Minister resigned from office Wednesday amid massive protests against austerity, high electricity prices and government corruption that have engulfed the country and have turned violent. 

"We have dignity and honor. It is the people who put us in power and we give it back to them today," Prime Minister Boyko Borisov told parliament, adding that the thought of protests taking a violent turn factored heavily into his decision. 

"I cannot stand looking at a bloody Eagles' Bridge," he said, referring to the iconic intersection in downtown Sofia that was the scene of bloody clashes between police and protesters on Tuesday. "Every drop of blood is a shame for us."