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The Ecuadorian Foreign Minister Ricardo Patino, stated that his government had given "extreme and careful consideration" to this decision. It also appears that Assange's human rights may have been violated in this case claimed also by the Foreign Minister.
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However, the U.K. is not allowing Assange a safe way out of the country and police still remain at the doorsteps of the Embassy ready for anything it seems and to arrest Assange if he decides to leave the building.
Assange's diplomatic status can be revoked within a week says the British Foreign Office. Officers can also move into the Embassy and remove Julian by force. FM of Ecuador Patino, was in shock and stated that if the British entered the Embassy by force, that it will be "a hostile and intolerable attack on his country's sovereignty."
WikiLeaks says, "the U.K. is under a binding obligation to recognize asylum, the rights of refugees and other UN laws." RT News has reported that Sweden has summoned Ecuador's ambassador and is claiming that Assange's asylum is unacceptable. 10 Police officer's did enter the London Ecuadorian Embassy, no word on what has happened as of yet. RT News, "The Foreign Ministery of Ecuador has released a statement on its website on Assange's plea."
Press Release: Julian Assange Statement and stay tuned for further developments of this story.
Sources:
WikiPedia on Julian Assange
RT.Com
EuroNews.Com
CNET