Will latest Greece bailout work?

Greece's eurozone partners finally stitched together a $170 billion rescue package for the financially troubled nation that they hope will save the country from default and preserve their currency, but will this latest effort prove decisive?

"A lot of people would like that to be the case, but all analysts are looking at this as ... one step that leads to numerous other steps," Rebecca Jarvis said on CBS This Morning Tuesday.

Europe approves 2nd Greek bailout of $170B

Jarvis said the plan, which aims to bring the national debt down to 120 percent of gross domestic product by 2020, is "still a very small step in the right direction."

Watch Jarvis' analysis of the Greek bailout deal, as well as her take on rising U.S. gas prices, in the video player above.