Yes, Cyprus is good PR, but a waste of time. He should flood Spain, Italy, Greece, France and Germany with these ATMs.
The next round of bad news is going to be Australia and the US skimming 401ks/IRAs/retirement annuities, and that noise is going to explode next week.
Jeff Berwick is an entreprenuer that wants to make money. The best way to make money is to target the people that want to use the system so you're positioned where the volume is headed, not where it has already been.