CAIRO, July 3 (RAPSI) - President of Egypt Mohamed Morsi, in his address to the nation broadcast live on state channels today, announced that he was going to keep his post, as ruled by the constitution, despite the calls from the opposition, urging him to resign.

"I cannot do other than that. The people elected me and I intend to observe the law and continue to bear responsibility," Morsi declared.

He stressed that observing the constitution, which was voted for by the majority of Egyptian citizens, would help Egypt prevent bloodshed and violence.

Morsi blamed the supporters of the former president Hosni Mubarak for the major problems the country is experiencing. He said they were sabotaging the situation in the country to discredit the legitimately elected authorities.

The Egyptian army delivered an ultimatum to Morsi asking him to meet the people’s demands and resolve huge protests against his rule or face an intervention within 48 hours, Qatar-based broadcaster Al Jazeera reported Monday.

Some details of the Egyptian armed forces’ draft “roadmap” for the country’s future leaked to the BBC included new presidential elections, the new constitution’s suspension and parliament dissolution.

Tuesday’s clashes in the capital Cairo between the Islamist president’s opponents and supporters left seven people dead, according to Egypt’s health authorities.

Millions of protesters gathered around the country demanding Morsi’s ouster on Sunday, the first anniversary of his presidency. According to the Egyptian Health Ministry, at least 16 people were killed and more than 700 wounded across Egypt in clashes between Morsi’s supporters and opponents on Sunday night.