Greece On The Brink: Is The Latest Bailout Proposal Enough?03:47
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Greek Prime Minister Alexis Tsipras, left, speaks with European Commission President Jean-Claude Juncker as he arrives for a meeting prior to an EU summit at EU headquarters in Brussels on Monday, June 22, 2015. Heads of state in the eurogroup will meet in Brussels on Monday for a special summit to discuss the financial crisis with Greece. (Virginia Mayo/AP)
Greek Prime Minister Alexis Tsipras, left, speaks with European Commission President Jean-Claude Juncker as he arrives for a meeting prior to an EU summit at EU headquarters in Brussels on Monday, June 22, 2015. Heads of state in the eurogroup will meet in Brussels on Monday for a special summit to discuss the financial crisis with Greece. (Virginia Mayo/AP)
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With the clock ticking toward a June 30 deadline, Greece has put forward a new plan to break the impasse over its financial crisis. European financial leaders say they're cautiously optimistic about the plan, but say they need more time to evaluate the proposal before they can vote on it.

Greek traders responded positively to the news, with Greek bank stocks up 20 percent at the close today. Is this the deal that could salvage Greece's place in the Eurozone?  Jill Schlesinger of CBS News joins Here & Now's Jeremy Hobson with details.

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This segment aired on June 22, 2015.

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