Just when the Greeks thought their economy had touched the bottom, they have discovered new holes to plummet into. This is financial austerity, Greek-style, and it stinks.
Greece is in a hole, a fetid hairy hole, and no amount of budget shaving can wax this orifice. The rump of the Greek debt may have to be abandoned, so unlikely is it that the country will ever be able to get it into working order. And like an ex-model who has a buttock removed once it is no longer desirable, so Greece will be left without a leg to stand on in the queue for bailouts.
Like Sysyphus eternally pushing a rock up a hill, Greece will require a Herculean effort to pay off their chronic debts, and even then it would be a Pyrrhic victory. Faced with years of spartan budgets, the Greeks will have to be stoical about the Homeric tragedy they find themselves in - although the Simpsons never had anything this bad to contend with.