|Greece's Tsipras digs in against bailout|
By Renee Maltezou and Alastair Macdonald ATHENS/BRUSSELS (Reuters) - A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with EU partners before a referendum on Sunday that may decide Greece's future in Europe. Less than 24 hours after he wrote a conciliatory letter to creditors asking for a new bailout that would accept many of their terms, Tsipras abruptly switched back into combative mode in a television address. A day after Greece became the first advanced economy to default on debt to the IMF, long lines at cash machines provided a stark visual symbol of the pressure on Tsipras, who came to power in January vowing to end austerity and protect the poor.
|Wall St. trims gains as Greece deal hopes fade|
Stronger-than-expected jobs and construction data supported the market, as did a $28 billion offer from Swiss insurance giant ACE to buy upmarket property insurer Chubb . Greek Prime Minister Alexis Tsipras urged voters to reject bailout terms in the referendum, a day after the country became the first advanced nation to default on an IMF loan repayment. "There were hopes of a deal earlier in the morning and the hopes are literally taken off the table," said Adam Sarhan, chief executive of Sarhan Capital in New York.
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