This is my thought as well.

Countries which recognised the problem and took charge of it are doing good now, eg Ireland.

Greek politics looks quite bad. They need a market friendly government who can indeed do reforms. Sadly, left parties have the majority.

Only way forward I guess is to force reform down their throat by IMF/EU first and then hope they realize it then continue it. That's what happened in India in 1991 https://en.wikipedia.org/wiki/Economic_liberalisation_in_Ind...