LIVE: Brutal demands made on Greece to save it from total bankruptcy

CONSTANTLY UPDATED Finance Minister Edward Scicluna says Greece has to sanction tough reforms by Wednesday if it is to get further help to save it from total bankruptcy. He also confirmed that a temporary Greek exit from the eurozone was on the cards, should it fail to abide by the demands made by creditors. However, sources said this morning the proposal had been ruled out from the final document. "The Greek Prime Minister is realising the catastrophic implications of not getting immediate funding," Prof. Scicluna told reporters in Brussels. Eurozone leaders and finance ministers were involved in crucial meetings since 10am yesterday morning as Greece's euro fate rests on a knife edge.  On Friday, Greek MPs backed Prime Minister Alexis Tsipras's tough new proposals to secure a third bailout. The proposals are aimed at staving off financial collapse and preventing a possible exit from the eurozone.  However, eurozone finance ministers have raised issues of trust and questioned whether Greece can indeed deliver on its pledges. Herman Grech is in Brussels giving constant updates: 7.45pm - The future of Europe hangs in the balance, the head of the European Parliament Martin Schulz...