From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point.

Will Cyprus be the financial mouse that roared?

Hello again, I'm Arminolny, and this is To the Point from Public Radio International.

A daily look at the issues Americans care about most.

The island nation of Cyprus has 1.1 million people, but it's becoming a threat to the entire Eurozone,

317 times larger. It's all about banks structured as tax shelters, often for wealthy Russians. Banks

now in so much trouble, they've asked for a bailout. But when Eurozone leaders proposed to tax every depositor, ordinary Cypriots took to the streets emptying ATMs and forcing Parliament to reject the deal.

What about depositors in Greece and other troubled countries?

Well, they lose faith in their own banks and their confidence in the euro.

I'm a reporter's notebook later on an unlikely political comeback in South Carolina.

First, here's the news.

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Hello again, Wamanalny, back with To the Point.

Financial trouble in tiny Cyprus is the latest threat to the entire Eurozone.

With their banks in danger, should ordinary

Cypriots be taxed to protect wealthy Russians? Would that precedent lead to a run on banks with

problems in other countries? We'll untangle those and other questions today. On reporter's

notebook, Mark Sanford plans to marry the Argentine mistress that he lied about when he was governor

of South Carolinaermalina,

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