Erdoğan s Pyrrhic Victory

Angela Merkel s Pyrrhic Victory

Russia managed to defeat the separatists and maintain control over Chechnya. But it was a Pyrrhic victory, given that it drove many disillusioned and angry Chechens toward religious fundamentalism.

As with CDOs, however, this might be a Pyrrhic victory. The EFSF has bought short term gain in exchange for much larger losses if the situation deteriorates a fiscal crisis in Spain could bring down the entire edifice.

After all, export led growth policies can succeed only if other countries are willing to run deficits. Given that the global imbalances that led to the crisis remain unaddressed, increased competitiveness will be a Pyrrhic victory and one that will exact a severe toll on domestic living standards and consumption.

First, that night of hard negotiations in Brussels reinforced the two tier Europe for the next two decades. The recalcitrant states achieved a Pyrrhic victory because it will quickly become clear to them that, even if the EU is getting a new institutional framework, the avantgarde countries will decide among themselves what the concrete arrangements will look like.

Ten years after the Chagossians Pyrrhic legal victory a victory that seemed merely to strengthen the Foreign Office s resolve to stop them from returning to the Islands they have taken their campaign to the European Court of Human Rights, which has suggested that the case be withdrawn in favor of a friendly settlement. Many Chagossians who have settled in the UK would go back immediately if only the government would let them.