Jean Quatremer has the best account I've yet seen of the colossal mishandling of the Cyprus banking crisis. For the first time we learn who did what at each stage of the unfolding crisis. The principal culprits: the Cypriot government and the Dutch finance minister Jeroen Dijsselbloem. And where was the French government input while all this was going on? If France tried to minimize the damage, Quatremer hasn't been able to find out how.
UPDATE: This other piece by Quatremer explains that France blocked the appointment of German finance minister Wolfgang Schäuble to head the Eurogroup, thus allowing the manifestly unqualified Dijsselbloem (an agricultural engineer by training) to slip into the post.