Nope. Referees are law enforcers, not law makers. We always moan when they are not consistent, but if you ask them to be practical with rules, then how they can be consistent.Sometimes referees have to use common sense and be practical with the rules though.
Regardless, I think the rules on handball need some looking at, because any fan of a team who conceded a penalty like that would be rightly furious.
I don't have a problem with people thinking that the current rule is wrong, it might well be, but under the current rule it was a penalty. Referee did his job very well.