Definition of "backpedalling" [backpedalling]

• Present participle of backpedal. (verb)

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• "At any rate, the backpedalling is pretty amusing, though:"
• "After some furious backpedalling from the Germans in recent days, bond and markets are now pricing in the announcement of a bailout of"
• "After some furious backpedalling from the Germans in recent days, bond and stock markets are now pricing in the announcement of a bailout of Greece at today's European Union summit."