Cyprus Needs to Lay Its Hands on One-Third of Its GDP By Monday

There are lots of places you can go to get all the latest messy details about Cyprus—Felix Salmon's take is good—but the nickel version is that everyone is fed up. The Cyprus legislature has refused to approve the EU/IMF bailout plan, and so far both the EU and the IMF are refusing to sweeten the deal. Maybe Russia could help, but they probably won't. So we're in a standoff: The euro currency union, a centerpiece European policy for a generation, edged toward a rupture on Thursday ...