The characteristic of our present foreign policy is that it follows no discernible or even intelligible lines of action. Whereas before the War a mistake was made in taking the fourth way that I have mentioned, and this was pursued only in a halfhearted manner, since the Revolution not even the sharpest eye can detect any way that is being followed. Even more than before the War, there is absolutely no such thing as a systematic plan, except the systematic attempts that are made to destroy the last possibility of a national revival.

If we make an impartial examination of the situation existing in Europe to-day as far as concerns the relation of the various Powers to one another, we shall arrive at the following results: