I see your EUR 30 bln, and raise you EUR 50 bln

Greece says they will need a further EUR 50 bln in the years ahead in addition to the EUR 30 bln offered up today by the EU and IMF.

Eurogroup chair Juncker says additional monies for later years will be decided sown the road.

The trigger to disbursing the loan has still not been decided. Greece is scheduled to come to market with EUR 1.2 bln in short-dated bills. If that goes poorly, perhaps Greece will formally ask for assistance.