commissioner of economic affairs, Pierre Moscovici of France, declared Monday that "the door is always open to negotiations" for Greece, adding negotiators had been "a few centimetres" from a deal when talks broke down.
European Commission (EC) head Jean-Claude Juncker was meanwhile due to hold a press conference at 1045 GMT.
The EC -- one of the "troika" of creditors along with the ECB and the International Monetary Fund -- said in a statement that temporary restrictions on the free movement of capital were "justified" in order "to maintain financial stability" in the crisis-hit nation. Uncertainty over how events will unfold in coming days prompted crowds to form long queues outside some ATMs in Greece, leaving many cash machines empty.
Investors meanwhile reacted with shock that Athens had failed thus far to reach agreement with creditors, with highly volatile trade expected as Greece hurtles towards default.
"With negotiations halted, the Greek situation has rapidly moved to the worst-case scenario and investors who jumped to the conclusion last week that a deal was done will be suffering significant losses this morning," said strategist Alastair George at Edison Investment Research in London.
The Frankfurt-based ECB´s governing council held a crisis telephone conference Sunday and left unchanged its emergency liquidity assistance -- keeping open its life support for Greek banks and, by extension, the Greek state.
But it pledged no extra cash for banks.
The move further raised the stakes in Greece´s festering debt crisis after five months of tough bailout talks culminated on Friday night with Tsipras´s shock call for a referendum on creditors´ latest cash-for-reforms offer.
Unless creditors heed Tsipras´s renewed request for a bailout extension, Greece´s rescue plan will formally expire on Tuesday. This will almost certainly mean Greece will default on more than 1.5 billion euros ($1.7 billion) due to the IMF that same day.
Greek Finance Minister Yanis Varoufakis said there was still time for a compromise, urging creditors to show "goodwill".
The weekend´s rapid-fire events in the Greek saga set off a flurry of diplomatic activity.
In Berlin, German Chancellor Angela Merkel called an emergency meeting with the heads of parliamentary groups and party leaders, while French President Francois Hollande will chair crisis talks with key ministers in Paris.
In Japan, top government spokesman Yoshihide Suga said G7 finance ministers had held consultations over the weekend, calling the breakdown of talks "extremely regrettable".
A banking source in Greece said only 40 percent of cash machines had money in them on Sunday.
At an Athens ATM, secretary Zoe Kallis, 32, said: "I´m really frustrated, I don´t know what to expect, I´m really worried the bank system is going to collapse. I have a baby to feed, what am I supposed to do?"
Unemployed Chris Bakas, 28, was sweating in the Athens heat as he stood at an empty cashpoint.
"No money, no hope, how did we get in this situation? This is black Monday," he told AFP,
Since Friday night alone, 1.3 billion euros ($1.45 billion) has been withdrawn from the Greek banking system, according to the bank workers´ union.
Tsipras, whose Syriza party came to power in January on an anti-austerity platform, has advised voters against backing a deal he said spelled further "humiliation" for a country that has endured five years of recession, turmoil and skyrocketing unemployment.