Howard Shore thinks the Cyprus factor has been overdone

We've seen the euro shaken heavily by events in Cyprus over the past few days, but could that impact be giving Cyprus more credit than it is worth? Howard Shore of Shore Capital:

It has been particularly badly handled. With no disrespect to Cyprus, it is a relatively small island with a small GDP, it shouldn’t have been allowed to affect sentiment. There was improving confidence in ability of larger nations to bail out the smaller ones. I was never wholly confident in that, but to the extent that financial markets had confidence that has been slightly knocked, rather unnecessarily in my view.