Word: cave
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Dates: during 2010-2019
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...Other White House economic aides have also chafed at the influence of Geithner and Summers; one of them recently told me that if I wanted to understand financial reform, I should talk to MIT's Simon Johnson, who until last week was trashing the Administration's reforms as a cave-in to Wall Street. (See 10 things that have and haven't changed during Obama's first year...
...Iceland may cave in to the international pressure. The latest opinion polls suggest a softening of hostility toward the repayment scheme, with 53% of Icelanders against it, down from about 70% last month. This could reflect recent appeals by Prime Minister Johanna Sigurdardottir, who is at loggerheads with the President and says the deal is essential for Iceland's recovery. But if Icelanders fall back on the Viking tradition of bold defiance and vote against the plan, this could be one long saga indeed...