Cyprus will not be the next Greece

Tiny Cyprus may have made a lot of mistakes. It may have taken in Russian mafia money, laundered it, and made lots of bad loans many times in excess of its deposits. Maybe it's greatest mistake of all was adopting the euro in the first place.

But it won't be making the same mistake as Greece. For as much as Cyprus and Greece are culturally similar, Cyprus will not submit to the demands of Germany. It will not inflict crushing austerity on its people in the name of saving its creditors or saving the euro.

Here's what an important Cypriot government official and former finance minister had to say:

If we cannot come up with the €5.8bn in a few days then I think we will go to the Cyprus pound. That will be the end of Cyprus in the eurozone. We're going to exhaust all other possibilities but what can we do? If we have no other solution we cannot leave the people without money.

"We cannot leave people without money."

Finally, some sanity! And some courage. Let that be a lesson to the "leaders" of Greece, Spain, Italy, Britain and the United States, too!

If there was a way to buy Cypriot stocks, if Cyprus does leave the euro, I'd totally load the boat!!