The third is going off the euro and declaring that all deposits will be paid off in new Cypriot pounds, which the government will simply print outofthinair.
Libertarians tend to be sticky about principles and the last time I looked robbing savers of purchasing power by creating money outofthinair was theft no matter how Dr. Friedman or the Keynesians would like to justify the practice.
Businesses and economies should be rewarded for profits and growth, not for creating a creative new accounting system that makes money appear outofthinair.