Hence, the return of fundamental drivers is likely to bring about currency realignment and a potential transition from phony to real currency wars.

FORBES: How And When Does The 'Real' Currency War Begin?

At this point, however, Cyprus has made doing business very difficult via capital controls, while retaining its inability to deal with overvaluation via currency realignment.

FORBES: Links 25 March: Sense In Cyprus, How To Deal With Both Deposit Insurance And Moral Hazard