France and Germany have told Greece it must have an agreement on economic reform measures with the trio of bailout monitors finalised and delivered before a crucial leaders’ summit between Athens and its creditors on Monday.With the Greek cabinet meeting on Sunday to consider compromise proposals, François Hollande and Angela Merkel both telephoned Alexis Tsipras, the prime minister, to remind him he needed a “staff level” agreement with the European Commission, IMF and ECB ahead of the summit.They told him the summit was not for “negotiations” — which anyway would be all but impossible in a forum including all 19 eurozone members — and urged him to reach a deal with the institutions. EU officials and bankers have warned that the failure to reach a deal on Monday could lead to a Greek default on its debts and even force its exit from the eurozone.If a deal is reached, the two leaders said the parties could then start discussing a third bailout at the summit. France is believed to be open to discussing debt restructuring for Athens, a top priority for Mr Tsipras, whose radical leftwing government won office in January setting Greece on a collision course with its creditors.The Greek cabinet was summoned to a meeting at Mr Tsipras’ Maximos Mansion residence on Sunday morning for a last-ditch meeting to hash out the government’s strategy.Ministers are expected to discuss how Mr Tsipras can bridge his two seemingly intractable electoral mandates: to end austerity and block further cuts in spending while also satisfying creditors’ demands for reform to keep Greece in the eurozone.The summit was called after Thursday night’s failure of eurozone finance ministers’ meeting in Luxembourg to cut a deal that would unlock €7.2bn in bailout funds Athens needs to pay the International Monetary Fund by the end of June or face default.Minister of State Nikos Pappas used an interview on Saturday with the country’s Ethnos newspaper to reiterate the government’s firm opposition to cuts to pension plans or wages.Yanis Varoufakis, Greece’s finance minister, writing in German daily Frankfurter Allgemeine Zeitung, has said German chancellor Angela Merkel faces “a stark choice” ahead of the crucial summit of European leaders in Brussels on Monday.Ms Merkel could enter into “an honourable agreement with a government that opposes bailouts” and wants “a negotiated solution that ends the Greek crisis once and for all”. The second option was to “heed the sirens” from her government, which he said were “encouraging her to jettison the only Greek government that is principled and which can carry the Greek people along the path of genuine reform.”Mr Varoufakis said the Greek government would come to Brussels on Monday willing to compromise. but it would only compromise as long as the Syriza-led government was not asked to take on new loans “under conditions that offer little hope that Greece can pay back its debts”.“The choice, I am very much afraid, is hers,” he said.In a sign of the growing anxiety in Greece, savers withdrew more than €1.6bn in deposits on Friday, according to two banking sources, the largest withdrawal in one day since Greece’s left-wing government took office in January. More than €6bn have left the system this week, and bankers fear the withdrawals could speed up when the banks reopen on Monday.Syriza supporters will rally in front of Parliament on Sunday evening to urge the government not to give in to creditors’ demands.Over the weekend Jeroen Dijsselbloem, Dutch finance minister, who chairs meetings of his eurozone peers, brought the meeting forward by two-and-a-half hours.Giving no explanation for the earlier start, Mr Dijsselbloem said ministers would convene in Brussels at 12.30pm on Monday. Angela Merkel, German chancellor, and other eurozone leaders are due to sit down with Mr Tsipras in the same venue at 7pm.Underlining international concern that a Greek default could ripple across the world economy, US Treasury Secretary Jack Lew said it was up to Greece to make concessions.“What we know is the best solution is for Greece to make some tough decisions and for this to be worked out,” he told CNN television.“Within Greece, the consequence of a failure here would mean a terrible, terrible decline in their economic performance.”The European Central Bank threw a slender lifeline to Greece’s troubled banking system on Friday, as the run on the country’s lenders accelerated ahead of a crucial leaders’ summit between Athens and its creditors on Monday.The ECB agreed to raise the amount of emergency liquidity assistance available to Greek banks by around €1.75bn to €85.9bn on Friday, according to two people familiar with the matter, to allow lenders to pay back depositors.