In fact, German opposition to Draghi’s initiative was fierce.56 Some insiders are convinced that it was not until the German government’s joint meeting with its Chinese counterparts on August 30 that Merkel and Schäuble were finally committed to backing the ECB’s initiative and holding Greece in the currency zone.
Chinese Influence was required to force Germany to accept whatever it takes remark and what it meant. The remark itself was forced based on the Dragis understanding of the sentiment in the city
