Milo Minderbinder,
That is certainly a nightmare analysis. I suspect the Russians are playing some sort of long game. They are more interested than they are letting on.They do, after all, have $30 billion in the banks of Cyprus. Strange timing to the death of Berezovsky? I suspect clever foul play, i.e no evidence.
The proposed haircut is looking more like a scalping. The book of rules and agreements, has been thrown away. Is Cyprus a guinea pig for the rest of the Eurozone ?
Old Mother Merkel, aka the 'Stasi-Frau', has elections coming up in September, this is an important factor.
For those interested, you might like to read this book by Mitch Feierstein. It is very relevant:-
Planet Ponzi (Book) by Mitch Feierstein (2012): Waterstones.com