No, it has to do with Greece not paying its bills, getting more credit, and continuing to kick the can down the road. Time’s up.
It is no longer about credit as today’s agreement demonstrates. It is about Germany establishing a fiat ruling order with Germany doing with bureaucracy what it failed to do with bullets.
Germany demanded 1/2 its post war debt be written off and now it refuses to do what it originally received.
the EU had to have this deal in order to save the EU. The EU is an unsustainable entity. It is not a union of equals but a suicide pact for death by paper cuts.