Squawk Box Live

Clock ticks for Greece after 'major' step forward


Hello and welcome to another Squawk Box Live. Stay tuned for more analysis on Greece, where new budget proposals have been largely cheered by euro zone leaders.

European Commission President Jean-Claude Juncker has called the proposals a "major step" for the country as a potential default looms. Creditors have welcomed them as a basis for a possible agreement later in the week.

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