Euro zone sets emergency summit on Greece as money flees

Finance ministers of the 19-nation currency bloc failed to make any breakthrough on a cash-for-reforms agreement at talks in Luxembourg on June 18, just 12 days before Greece must make a crucial debt repayment to the International Monetary Fund.

The European Central Bank told the meeting it was not clear whether Greek banks would be open on June 22, officials said.

The ECB's governing council holds a special conference call on June 19 - the second in three days - to consider adding more emergency liquidity for Greek banks facing a quickening drain on their cash, two persons close to the situation said.

European Council President Donald Tusk said in a statement he had summoned heads of state and government of the euro area to meet in Brussels at 1700 GMT on Monday to discuss Greece "at the highest political level".

IMF Managing Director Christine Lagarde said further dialogue was needed "with adults in the room".

Greece said it had put a "radical proposal" for budget monitoring on the table to show its willingness to reach a deal, Finance Minister Yanis Varoufakis said.