A crisis summit of pioneers from eurozone countries will be hung on Monday, after the most recent endeavor to determine the Greek obligation emergency fizzled.
A meeting of money priests on Thursday made no achievement.
Leader of the Eurogroup, Jeroen Dijsselbloem, said that "too little" advance had been made and that "not a single understanding up 'til now is to be seen".
Greece has under two weeks to hit an arrangement with its banks or face defaulting on a current credit.
Mr Dijsselbloem focused on that "almost no time stays" for Greece.
Reports say that the European Central Bank (ECB) will hold a crisis meeting of its administering board on Friday to examine the breaking down circumstance for Greek banks.
It is suspected that the ECB may need to broaden further crisis financing for Greek banks which have endured high rates of withdrawals by clients stressed that Greece could be constrained out of the eurozone.
'Tremendous conformity'
On Thursday Greek Finance Minister Yanis Varoufakis said his country had exhibited a "far reaching" proposition and that contradiction just existed over spending comparable to 0.5% of Greek GDP, which he says does not constitute a "hazardous impasse".
He contended that Greece had officially made an "enormous modification" in the course of recent years and rejected any measures that would "jack-up" assessments and lessen advantages further.
Furthermore, he cautioned that transactions were "hazardously near to a perspective that acknowledges a mishap".
Greece has under two weeks staying to strike an arrangement or face defaulting on a current €1.6bn (£1.1bn) credit reimbursement because of the International Monetary Fund.
The nation has officially moved a €300m installment into those due on 30 June.
In the event that it neglects to make the installment, it dangers needing to leave the eurozone and perhaps at the same time the EU.
Yet, the European Commission, the IMF and the ECB are unwilling to open bailout reserves until Greece consents to changes.
They need Greece to execute a progression of monetary changes in regions, for example, annuities, VAT and on the financial backing surplus before discharging €7.2bn of stores, which have been postponed following February.
Mr Dijsselbloem approached Greece to submit "trustworthy" proposition in the impending days and said the country expected to grab a "last open door" to achieve an arrangement with its banks.
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