11.   When asked about beating a strategic retreat, Papandreou acknowledged it.

12.   Giving away the bank to ABN AMRO, after slightly more than a year of decisive control, represented a strategic retreat by Nongluck.

13.   Since then, Indian banks have been working towards making a strategic retreat from the region.

14.   These defensive tactics include cutting costs and restructuring short-term debt, while strategic retreats include focusing on core capabilities, and devoting scarce capital to profitable businesses.