The view was that provided the revenue shortfall was moderate, it would be manageable albeit translating into a higher fiscal deficit and thus pressure on interest rates. But any additional spending pressures would need matching spending cuts in other areas so that the public finances would not be an additional source of strain on the economy at this difficult time.
Even with the sacrifices that have been demanded of the Greek people, they have never expressed a wish to leave the euro. I don’t think that Greece should not have been included in the euro.