NEW YORK ( TheStreet) -- When it comes to eurozone solutions, it is interesting how different ideas take hold. The current idea is that if there is a big enough firewall, all will be well. This is the position of IMF Managing Director Christine Lagarde and the strong eurozone countries.So far, there is more than $1 trillion in the euro firewall, and the IMF is trying to raise more. The U.S. is at best lukewarm and has made no commitment. And just yesterday, Canadian Finance Minister Flaherty said "no" firewall monies for the eurozone.
U.S., Canada Will Not Support Euro Bailout: Does It Matter?
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts