Syndicated columnist Charles Krauthammer had an interesting observation about the just-announced bailout plan of the financially troubled island of Cyprus.

Appearing on Fox News's Special Report, Krauthammer joked about Apple buying the country and renaming it iCyprus.

"What’s amazing here I think is how small Cyprus is and how relatively small the problem is," Krauthammer said. "The bailout total that you mentioned is about a quarter of Apple’s cash on hand."

"I mean, this is one country that Apple could purchase, and have a lot left," he continued. "It could own the island and call it, you know, iCyprus or something, and have all this cash left over."

Minutes later when substitute host Shannon Bream brought this up at the end of the segment, Krauthammer quipped, “It would be a great campus for Apple.”