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We study ring-exchange models for bosons or XY-spins on the triangular lattice. A four-spin exchange leads to a manifold of ground states with gapless excitations and critical power-law correlations. With a nearest-neighbour exchange, fluctuations select a four-fold ferrimagnetically ordered ground state with a small spin/superfluid stiffness which breaks the global U(1) and translational symmetry. We explore consequences for phase transitions at finite temperature and in an in-plane magnetic field.

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