Greece bailout

After this recession the topic which attracted most peoples attraction is Greece bailout. Greece one of the developed countries in the world has been in a economic depression for past few months, and the countries government is facing severe criticism from its citizens and other people in the world. I think this problem is mainly caused by their politicians who are spending more money lavishly on their society when there is no growth prospects. The politicians should either reduce the spending or increase the productivity by introducing any new growth plans. On the verge of being collapsed the country received a huge bailout from the European union who gave $ 146 billion which is the biggest bailout which a country received in human history. I am really surprised by this activity made by European nations to bailout one of their neighbors and I really appreciate this thing. But I think this bailout helps Greece in short run and increases its total debts in long run, Greece should do some restructuring to develop and turn its economy on growing side.