Mm. I'm sure Greece could have theoretically cut more deeply into its government spending and improved the economy. Unfortunately, the people doing these sorts of cuts aren't a committee of neutral, emotionally detached economists, they're a bunch of politicians, and they have an electorate to answer to.
(And they say that the premise of democracy is the belief that said electorate knows what it wants, and deserves to get it good and hard. :P)
(And they say that the premise of democracy is the belief that said electorate knows what it wants, and deserves to get it good and hard. :P)