Cyprus deal is not real solution, not even close

The Cyprus deal to avert an economic collapse and an unwanted precedent of a withdrawal from the Eurozone is only a stopgap measure.  This debacle will continue to unfold, in particular because the corrupt Russians will resist the regulations on its captive money laundering country. 

Often progress just comes in small steps, and this may not be a good start.  There is certainly more to come.  Anything really positive is to be hoped for but may be unlikely, anything that veers towards seriously negative territory will be self-fulfilling in a way that will be unsettling to European markets, or lead to a Putin hijacking of the whole process.  He cannot be underestimated.