I'm not sure about that. I'm sure the government was probably forced to raise taxes and cut spending to get help from other governments and the IMF.
Maybe that's what Canada needs. A tough pill to swallow, but I bet Greece will see an economic miracle in a few decades thanks to the balanced budgets forced on it. The balanced budgets will toughen them up as a people, and they'll probably end up with a streamlined, no frills no gimmicks government as a result.
Huh - I just heard on the radio this morning that Greece is back in trouble again. Must check that out.