Should they stay or should they go? Last weekend, Greeks voted in a hastily-organized referendum that gave the proverbial finger to the country's creditors. With insurmountable debts, Greece's populist government is threatening to leave the Euro, something for which there is no precedent and no mechanism. On the European side, creditors insist on painful economic cuts. No one is quite sure what will happen next, and the only thing everyone agrees on is that a Greek departure from the Euro would be ugly and painful.

What are Greece's options? There do not seem to be many. With policymakers at an impasse, its time to think outside the box. Here's a radical idea for Greece: join Turkey.

The two countries have more than a little history together, of course. Let's not forget that the Iliad and Odyssey take place in Troy, located in "Asia Minor". Istanbul itself was a Greek colony in ancient times. More recently, Greece obtained its independence from the Ottoman Empire only in 1821, and the two countries have fought at least four wars since then. While it is safe to say the two peoples don't care much for each other, perhaps being forced to live in the same country would help them let bygones be bygones.

The idea is less fantastic than one might think. Greece could leave the Euro and start to use the Turkish Lira, which has been a relatively stable currency that has adjusted with changing economic conditions. Politically, the two countries could start with a loose federation, in which monetary and fiscal policy was made in Ankara but local decisions on social policy continue to be made from Athens.

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