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By Paul Carrel and Jussi Rosendahl BERLIN/HELSINKI (Reuters) - German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not agree to renew its bailout package. The euro zone's paymaster and the ECB are both taking a tough line with Greece's new leftist government, whose leader swept to victory last Sunday promising that five years of austerity, "humiliation and suffering" were over. Alexis Tsipras has also promised to renegotiate agreements with the European Commission, ECB and International Monetary Fund "troika" and write off much of Greece's 320 billion euro ($360 billion) debt, which at more than 175 percent of gross domestic product is the world's second-highest after Japan.
Substitute James Troisi smashed home a dramatic extra-time winner as Australia beat South Korea 2-1 to win their first Asian Cup title in an electrifying final on Saturday. Troisi broke Korean hearts with the very last kick in the first extra period after Son Heung-Min had snatched a magical injury-time equaliser at the end of normal time. Australia's triumph gave them a first title since defecting from Oceania nine years ago, while South Korea's anguish continued after they failed to break a hoodoo in the tournament stretching back to 1960. "It was a super effort from everyone," said Australia coach Ange Postecoglou.
ROME (AP) — Italian lawmakers elected Sergio Mattarella, a Constitutional Court justice widely considered to be above the political fray, as the nation's new president on the third day of voting Saturday.