Mohammed Morsi, the president of the Muslim Brotherhood's Freedom and Justice Party (FJP), has issued a statement about the five-hour crisis meeting held between the ruling military council and a selection of presidential candidates and party officials. The FJP is the best-organised political force in Egypt.

The military council has accepted the resignation of the interim government and will form a government of "national salvation" but still hold parliamentary elections on time on Monday, Morsi said, according to the statement, which was published on the FJP's Facebook page.

The council has also agreed to completely transfer power to a civilian authority by July, likely in the form of a presidential election, for which a draft law will be written, Morsi said.

As part of the agreement, the military will withdraw forces from Tahrir Square, confine them to protecting public building, compensate the families of the victims, and bring to trial their killers.