you are looking at this the wrong way I would submit.
You are correct in saying that the bailout goes to the banks to improve their balance sheets, however that is a good thing. If financial institutions are sound, then that brings in confidence and investment. That in turn feeds more confidence and more investment and this creates more jobs. So the new cycle of prosperity begins.
You are not correct where you say none of the bailout gets spent within Greece or to keep the machinery of the country ticking over. It does, however it doesn't go to paying for things Greece doesn't need, like more useless highly paid public servants.
GDP is going to get better with more austerity cuts across the board.
