Huge debt, huge deficits, No access to money neither from other European countries nor from the private sector, collapse of the Greece banking sector, collapse of Greece economy, exit from the Euro, ...

I doubt Greece wanted to go that route, once it was clear to them what was about to happen. Actually the left wing government had to learn it quickly that semli-democratic decisions about other people's money is worthless, when one needs even more money. And they did.