IMF eyes $37 billion contribution to Greek bailout

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BRUSSELS (AP) -- The head of the International Monetary Fund says she wants the fund to contribute €28 billion ($36.7 billion) to a €130 billion bailout for Greece.

Christine Lagarde said Friday that "the scale and length of the fund's support is a reflection of our determination to remain engaged" in helping Greece.

The €28 billion likely includes €10 billion left over from the IMF's contribution to Greece's first €110 billion bailout.

Lagarde said the IMF's executive board would decide on the final contribution next week.

Debt-ridden Greece needs the bailout to avoid a disorderly default that could destabilize the rest of Europe.