It's a financial gamble, and a major strategic gamble, but they've probably got the pockets to ride it out.

If the purpose of Baltic euro pegs is in part to keep Putin's Russia at bay by locking the region deeper into the EU Project, the strategic gamble has gone badly wrong.

A few months into World War Two, in April 1940, Adolf Hitler made a huge strategic gamble.

Not wanting his cymek father to predict his moves, he needed to stay one step ahead, just like a strategic gamble in a final round of Fleur de Lys.

In a strategic gamble, the prosecutors had declined to call Mr. Quigley as their own witness because two defense lawyers had asserted in their opening statements that he would testify for them.

This second answer is rarely made however, because it is a strategic gamble.

"He is more of an operator than one to take big strategic gambles."

In a major strategic gamble, Chiang Kai-shek decided to divert Japanese attacks in northern China by attacking Shanghai, which the Japanese had occupied earlier in 1937.

But it played right into his strategic gamble that the way to revive the tottering company was to capitalize on what others saw as I.B.M.'s handicap: its sheer size.

The ambiguous signal to North Korea, made after lengthy consultations with President Bush at his ranch here, represents a major strategic gamble.