According to multiple reports, Germany basically said: Tax your depositors, or you can leave the Eurozone. We're not just writing you a big check this time, because you're too small to really matter.
On the one hand you might say: Germany is writing the checks, so of course it can call the shots like this.
On the other hand, this look like German bullying causing a destruction of trust and wealth in the worst possible way.
Regardless of whether it's good or bad, it's clearly a message.