WRAPUP 3-Euro zone, Greece face off as markets take fright

Mon Feb 9, 2015 1:19pm EST
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(Adds Merkel, Obama comments)

* EU's Juncker: don't expect euro zone to accept Tsipras demands

* Greek aide: debt restructuring, lower surplus are "red lines"

* U.S., Canada urge compromise, British PM holds "Grexit" meeting

* Graphic on market reaction link.reuters.com/feq93w

By Lefteris Papadimas and Gernot Heller

ATHENS/ISTANBUL, Feb 9 (Reuters) - Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money without such a programme.

European Commission President Jean-Claude Juncker warned Greeks not to expect the euro zone to bow to Tsipras' demands in a growing confrontation which spooked financial markets and prompted U.S. and Canadian pleas for calm and compromise.

Escalating the rhetoric, Greece's finance minister said the euro zone could collapse "like a house of cards" if Athens were forced out.   Continued...