Cyprus and the Euro Crisis

Financial trouble in tiny Cyprus is the latest threat to the entire Eurozone. With their banks in danger, should ordinary Cypriots be taxed to protect wealthy Russians? Would that precedent lead to a run on banks with problems in other countries? We untangle these and other questions. Also, President Obama seeks to reassure Israelis on the first day of his trip, and an unlikely political comeback in South Carolina.

Banner image: People are reflected at a glass door of a closed branch of Bank of Cyprus in Nicosia March 19, 2013. Photo by Yorgos Karahalis/Reuters