What do you call the statement someone, or some organization/entity/group, makes when surrending - and when the surrender and/or the statement and/or the circumstances of making the statement are particularly humiliating?
Usage example: That's a bit tricky, since use may differ based on the proposed words or phrases
I was beside myself with indignation listening to the greek goernment's announcement it will accept the EU bailout condition despite the referedum results. It was an utter _______.
Edit: I would like something which sounds derogatory, the way you could, say, refer to a country's flag or to a newspaper as a "rag".