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The Greek-Cypriots had argued that it would be inappropriate for Turkey to join a club, one of whose members it failed to recognise.
ECONOMIST: A date with Turkey | The
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One way forward might be to persuade other euro-area countries to buy Greek bonds, perhaps by providing guarantees for euro-area investors.
ECONOMIST: Greece's fiscal crisis
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At first sight, it is true, the events of the past few days give little evidence that a spirit of reason or compromise can be applied to what is certainly a complex issue one, indeed, that has plunged the Greek government into crisis, after allegations that some of its ministers had colluded in Mr Ocalan's entrapment.
ECONOMIST: The tragedy of the Kurds
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But no-one knows for sure what the consequences of a Greek exit would be, and whether it would prove to be significantly more expensive than the current path.
BBC: Greek leaders battle for euro survival