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Trilemma

A trilemma is a difficult choice from three options, each of which is (or appears) unacceptable or unfavourable. There are two logically equivalent ways in which to express a trilemma; it can be expressed as a choice among three unfavourable options, one of which must be chosen, or as a choice among three favourable options, only two of which are possible at the same time.

The term derives from the much older term dilemma, a choice between two difficult or unfavourable alternatives.

The earliest recorded use of the term was by the British preacher Philip Henry in 1672, and later, apparently independently, by the preacher Isaac Watts in 1725.

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Euro extends gains, Bunds fall on German ZEW

LONDON, March 17 (Reuters) – The euro extended gains against the dollar on Tuesday, while Bunds eased after data showed Germany’s ZEW index improved in March and beat expectations. German ZEW institute’s economic sentiment index was -3.5 in March versus -5.8 in February, and much stronger than forecasts of -7.4. The think tank also said the bottom of the recession was likely to be reached this Summer.

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