Egyptian army says it hopes for elections in 6 months

CAIRO, (Reuters) – Egypt’s military has outlined a  timetable to hand power to an elected government, insisting it  does not want political power in a country where it propped up  an authoritarian state for six decades.

The army, praised for overseeing a mostly peaceful  revolution, is running into a storm of wage and subsidy demands  overtaking pressure for democracy and piling more burdens on an  already teetering economy.

Pro-democracy marches have subsided but thousands of workers  in banks, textile and food factories, oil facilities and  government offices went on strike this week, emboldened by the  overthrow of President Hosni Mubarak.

“The Higher Military Council expressed its hope to hand over  power within six months to a civilian authority and a president  elected in a peaceful and free manner that expresses the views  of the people,” an armed forces statement said on Tuesday.

“The council affirmed that it does not seek power, that the  current situation was imposed on the armed forces and that they  have the confidence of the people.”

The Islamist Brotherhood, which did not play a leading role  in the revolution but has been Egypt’s best-organised opposition  group for many years, said it wanted the military to carry out  further steps immediately.

“We, together with the entire nation … are in need of a  bridge of confidence between the army and the people,” Essam  al-Erian, a senior Brotherhood member, told Reuters, referring  to lifting emergency law and releasing political prisoners.

Egypt’s central bank said banks would remain closed today and tomorrow after being closed on Monday by strikes.

Some secular leaders fret that racing into presidential and  parliamentary elections in a nation where Mubarak suppressed  most opposition activity for 30 years may hand an edge to the  Brotherhood.

A committee headed by an independent judge that met yesterday has been given 10 days to draft amendments to the  constitution. The plan is to then put these to a referendum.

“When the popular demand for the freedom to form parties is  realised, the group will found a political party,” the  Brotherhood said in a new statement.