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Egypt's Morsi to meet with judges over power grab (+video)

The country's Supreme Judicial Council has hinted there may be a compromise with Morsi in the works. Meanwhile, the Egyptian stock market suffered heavy losses over the weekend.

Supporters and opponents of Egypt's president, Mohammed Morsi, grew more entrenched over his move to assume near absolute powers as protests continued on Sunday. However, Morsi's office said his recent edicts are temporary. (Nov. 25)
Video Length: 00:01:06
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Egyptian President Mohamed Morsi meets senior judges on Monday to try to ease a crisis over his seizure of new powers which has set off violent protests reminiscent of the revolution last year that led to the rise of his Islamist movement.

The justice minister said he believed Morsi would agree with the country's highest judicial authority on its proposal to limit the scope of the new powers.

But the protesters, some camped in Cairo's Tahrir Square, have said only retracting his decree will satisfy them, a sign of the deep rift between Islamists and their opponents that is destabilising Egypt two years after Hosni Mubarak was ousted.

"There is no use amending the decree," said Tarek Ahmed, 26, a protester who stayed the night in Tahrir, where tents covered the central traffic circle. "It must be scrapped."

One person has been killed and about 370 have been injured in clashes between police and protesters since Morsi issued the decree on Thursday shielding his decisions from judicial review, emboldened by international plaudits for brokering an end to eight days of violence between Israel and Hamas.

The stock market is down more than 7 percent.

Morsi's political opponents have accused him of behaving like a new dictator and the West has voiced its concern, worried by more turbulence in a country that has a peace treaty with Israel and lies at the heart of the Arab Spring.

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