Do you know what's the truth?
Greece refused a deal that was more acceptable of what the Italy and other countries suffered in 2011.
In Italy, people leave work at 67 years. In Greece, it's 57 years.
Tsipras, the left hero, refused cut the defense only because of ANEL, a right-wing party.
Honestly, I doesn't want that my country give money to a country that refused an acceptable deal. And I'm sure Chancellor Merkel agrees with me.
Italy was forced to loan Greece 32 billion or so Euros when Italy was also facing problems, right? I really don't understand the logic of this.
But to respond to your post, Greece is in far worse shape than Italy. That probably is why the terms were so favorable compared to Italy. Additionally, I don't know why another round of austerity would be any different in 2015 than from what happened in 2010 and 2012, when it only made the problem worse.
Honestly this whole Euro thing was a disaster, can we all finally admit this?