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What happens in Cyprus doesn't stay in Cyprus. It has implications for the EU, and, to the extent that it reveals how the EU works, it also has implications for the US. That's why the United States should take careful note of the Cyprus fiasco. It's an old Zen saying that how you do anything is how you do everything: that character, in people as in countries, is revealed in every action. Cyprus very nearly had to grab money from the bank accounts of its citizens to pay for its bailouts. This was the grand plan of EU leaders who certainly should know better than to ask a country to rob its own citizens overnight. Cyprus has not been in good hands, and that bodes badly for future negotiations, including for America, which is going to start tightening its financial ties with the EU this...