Morsi offers consensus govt as way out of Egypt crisis

Egypt's embattled President Mohamed Morsi today proposed a consensus government as a way out of the country's crisis, as an army deadline urging him to meet the people's demands expired.

Egypt's embattled President Mohamed Morsi on Wednesday proposed a consensus government as a way out of the country's crisis, as an army deadline urging him to meet the people's demands expired.

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"The presidency envisions the formation of a consensus coalition government to oversee the next parliamentary election," his office said in a statement on Facebook.

Morsi reiterated his call for a national dialogue and the formation of a panel to amend the country's controversial Islamist-drafted constitution.

But he insisted he would stay on as president.

He said there was a "clear roadmap which is based on constitutional legitimacy... and includes the formation of a temporary coalition government based on national participation to oversee the coming phase."

"There would be an agreement from all political trends over the (choice of) prime minister," his office said.

Morsi stressed again he was a "president for all Egyptians" amid fears of unrest as his supporters and opponents protested in Cairo.

On Sunday, millions of Egyptians poured into the streets to demand Morsi resign.