The system, which has been under development for eight months, won't be commercially available for two to seven years, said Dan Morris, a Microsoft researcher who is working with Harrison on Skinput.

CNN: Microsoft's Skinput turns hands, arms into buttons

Many regard Cyprus' economic importance as negligible, but see the precedents of dipping into savers' assets and haircutting bank bondholders as more serious, said Dan Morris, a London-based global market strategist at J.

WSJ: Stocks Fall Globally as Investors Worry What's Next in Euro Zone