A mysterious Russian cargo ship limped into the Cypriot port of Limassol, this month, forced to seek shelter from a violent storm. Hidden on board the MS Chariot were four containers packed with 60 tonnes of ammunition for AK-47s and for rocket launchers. The shipment had come from Moscow's state arms company, Rosoboronexport; its shadowy purchaser was none other than the Syrian government. Cyprus
OK, I didn’t see that one coming. With all the problems in Greece, Italy, Spain, and Portugal I wasn’t watching Cyprus. But that’s where the big euro news is this weekend; in return for a bailout, Cyprus is supposed to impose a large haircut — that is, loss — on all depositors in its banks. You can sort of see why they’re doing this: Cyprus is a money haven, especially for the assets of Russian be
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