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.
Whatever the case, Barack Obama and his administration were dead-set on delaying this thing, presumably in an attempt to secure even more funds outof the thin night air to make sure the " millions" still "unprepared" would be ready to rock 'n roll when the transition actually, finally happened.