Begining of the end for the EU?

The whole point of the EU originally was to create a free trade zone - free movement of peoples, goods and capital. In an historic decision, at a stroke Cyprus has removed a fundamental principle of the EU - free movement of capital, reports accountancy services Harris & Co. Is this the begining of the end of the rationale for the EU? More details at http://www.bbc.co.uk/news/business-21963462