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Mursi thinks better to "die standing like tree" - aide
A spokesman for Mohamed Mursi said the president believed it would be better to die "standing like a tree", defending the electoral legitimacy of his office, than to go down in history as having destroyed Egyptians' hopes for democracy.
Saying that Mursi was not seeking to cling to office for its own sake, spokesman Ayman Ali told Reuters that, in his overnight speech to the nation, the president had defied calls to resign in order to "defend the democratic system".
"It is better for a president, who would otherwise be returning Egypt to the days of dictatorship, from which God and the will of the people has saved us, to die standing like a tree," Ali said, "Rather than be condemned by history and future generations for throwing away the hopes of Egyptians for establishing a democratic life."
(Reporting by Tom Perry; Editing by Alastair Macdonald)
HONG KONG A major bank warned on Wednesday that weeks of protests in Hong Kong could hit the economies of the Chinese-ruled city and mainland China itself as demonstrators began to gather for a sit-in at the subway site of a mid-summer mob attack.