It was Merkel's, Germany and the EU's decision to spin this out for over 2 years and ultimately turn Greece into the Technokrat protectorate it is today.
Notwithstanding that it was recylcing of predominately German savings whilst the ECB in Frankfurt were setting rates to favour Germany (i.e. inflating the Piggies).
Under those circumstances one could easily argue Greece was acting 'rationally'. i.e. Spending the Germans savings. Without their own currency they didn't have a great deal of choice.
Savers are the real culprits here, though, since they also hold power, refuse to admit it.
Do they understand this yet? (Germany) It's not entirely clear that they do...............
they had all the choice in the world...but with EU politicians throwing money at them..why bother to do the "right thing"...admit their state and close up shop.