"The funny thing is that Greece already has its budget balanced better than most other countries. What is crushing it is the debt burden, not the income vs. expenses equation."
Do you have any source for this? All the sources I could find say that Greece still spend more money then they get in taxes, excluding depth payments and loan. But some of them said that Greece has a a budget which might chance this in the future.
And something funny: The amount of Euro they have gotten in loan the last 12 months, is larger then the amount of money they have paid in interests and loan payments in the last 12 months. So the net flow of Euros into Greece is positive, and so they should have no problem paying their depth with a balanced budget.