The economy of Cyprus has been hit by two very serious and successive blows. First, the accidental explosion of a military ammunition depot in July 2011, which knocked out the island’s nearby main electricity generating power station. Second, the Greek part of the Eurozone crisis, which has ominous implications for Greek Cypriot banks. Cyprus has now requested a Eurozone bailout, becoming a further victim of the seemingly uncontrollable financial contagion from Greece, Ireland, Portugal, Spain, and Italy. It has even requested a fresh loan from Russia.