Yes, this is the old Swiss Cheese holes lining up. I can feel this one being adopted for next years CRM courses already!
Clearly messed up and could easily have been a disaster, there but for the grace of god etc..
There are any number of airports, particularly ones in Greece where if you let your concentration lapse for a moment this could happen. Poor ATC, markings, radio aids (if any), language, weather - all there to get ya!
Its the best part of being a holiday jet pilot. Radar vectors to the ILS 4 times a week would drive me to distraction. But, beware the swiss cheese...
Assuming these guys Mea Culpa, I would expect re-training and back on the line ASAP.