After Vote Win, Greece’s Tsipras Looks to Rebuild Talks

Despite triumphing in a popular vote against austerity, Greece on Monday faced the urgent need to heal its ties with European creditors
After Vote Win, Greece’s Tsipras Looks to Rebuild Talks
Greek Prime Minister Alexis Tsipras leaves his office in Athens on July 6, 2015. Louisa GouliamakiAFP/Getty Images
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ATHENS, Greece—Despite triumphing in a popular vote against austerity, Greece on Monday faced the urgent need to heal its ties with European creditors and reach a financial rescue deal that might prevent it from falling out of the euro — possibly within days.

Prime Minister Alexis Tsipras won big in Sunday’s referendum, in which 60 percent of Greeks rejected the economic measures creditors had proposed in exchange for loans the country needs to remain afloat. He also received the rare backing of opposition parties to restart bailout negotiations.

But his bolstered mandate to push for better concessions from creditors hit the hard reality of the country’s deteriorating finances, with the banks facing the risk of collapse within days unless a rescue deal is reached.