The European community would be better off to isolate Greece and instead concentrate on helping the other countries in financial straights that are at least making some real efforts to deal with their problems.
I agree with this.
I agree with this as well. Greece should be suspended from the Eurozone as long as they have their budget and foreign debt consolidated and implemented several reforms, such as imposing a tax/budget discipline similar to the German/Austrian/Swiss/Dutch/Swedish etc. one, cracking down hard on corruption and work loopholes, cutting their military expenditures to 1% of GDP instead of 6% like it is now, strong reforms in their school/university system that's completely inefficient and incompetent and producing 50% youth unemployment. Further, they should sell their islands and government property to repay the debt to other countries and reform their pension system that favors big bonuses for government workers and even pays out pensions to dead people.
It is a tough love approach, but it is ultimately correct.