Wild cheering met Man U's weak capitulation in Europe (6,9)

I believe the answer is:

munich agreement

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'weak capitulation in europe' is the definition.
I can't tell whether this definition defines the answer.

'wild cheering met man u's' is the wordplay.
'wild' indicates an anagram.
'cheering'+'met'+'man'+'u'='cheeringmetmanu'
'cheeringmetmanu' anagrammed gives 'MUNICH AGREEMENT'.

Can you help me to learn more?

I've seen this clue in The Independent.

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