“Cyprus and the European Union have reached a bailout deal for the tiny and troubled euro-zone economy. That’s good news for Cyprus (even if the deal turns out to be bad, at least it’s an end to the uncertainty) and good news for the European Union. But the resolution of the entire Cyprus bailout saga, in the terms described, would be bad news for Russia: it would signal a failed bid by Moscow to reassert some of its once-vast power in Europe and to stand up as an alternative to the European Union.”
Source: A bailout for Cyprus, a geopolitical failure for Russia
