Carnegie Endowment for International Peace
Experts are touting this as the first moment in a decade when both sides are hopeful about a negotiated solution.
While Europeans still support President Obama, they have lowered their expectations of what he will accomplish politically.
Although there is still great concern for the eurozone, the discourse has moved from predicting an immediate downfall a year ago to discussing the necessity of economic reform in the continent.
With voter turnout decreasing and trust in politicians and public institutions eroding, a global disconnect is appearing in Europe, the United States, and many emerging democracies in and around the world.
If growth does not return to Europe in the next two years, the political situation will become more difficult.
The Cyprus banking crisis is an exaggerated version of the problems that persist throughout peripheral Europe.
In a changing global environment, U.S. foreign policy may have to adopt a posture of leading from behind.
Despite Cyprus' favorable fiscal and legal enviroment and the fact that Russian state is one of Cyprus' main creditors, Russia's involvement has generated some surprises.
The Cypriot banking crisis reveals the danger of the euro crisis incapacitating Europe and the global economy more broadly.
The euro crisis continues to hamper Europe's growth, and the risk of contagion hangs in the air.