Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.
Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.
The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.
They will never implement "radical reforms", people are used to a certain way of like, and there's no going back, being in a union also means being helped when there is trouble, I don't think Greece will collapse and have another fascist regime.
EU is the strongest or at least the biggest economy in the world, the guys in Brussels aren't going to let one of its members collapse...