We see the European Great Powers divided into two great camps.

On the one side Germany, Austria, and Italy have concluded a defensive alliance, whose sole object is to guard against hostile aggression. In this alliance the two first-named States form the solid, probably unbreakable, core, since by the nature of things they are intimately connected. The geographical conditions force this result. The two States combined form a compact series of territories from the Adriatic to the North Sea and the Baltic. Their close union is due also to historical national and political conditions. Austrians have fought shoulder to shoulder with Prussians and Germans of the Empire on a hundred battlefields; Germans are the backbone of the Austrian dominions, the bond of union that holds together the different nationalities of the Empire. Austria, more than Germany, must guard against the inroads of Slavism, since numerous Slavonic races are comprised in her territories. There has been no conflict of interests between the two States since the struggle for the supremacy in Germany was decided. The maritime and commercial interests of the one point to the south and south-east, those of the other to the north. Any feebleness in the one must react detrimentally on the political relations of the other. A quarrel between Germany and Austria would leave both States at the mercy of overwhelmingly powerful enemies. The possibility of each maintaining its political position depends on their standing by each other. It may be assumed that the relations uniting the two States will be permanent so long as Germans and Magyars are the leading nationalities in the Danubian monarchy. It was one of the master-strokes of Bismarck's policy to have recognized the community of Austro-German interests even during the war of 1866, and boldly to have concluded a peace which rendered such an alliance possible.

The weakness of the Austrian Empire lies in the strong admixture of Slavonic elements, which are hostile to the German population, and show many signs of Pan-Slavism. It is not at present, however, strong enough to influence the political position of the Empire.

Italy, also, is bound to the Triple Alliance by her true interests. The antagonism to Austria, which has run through Italian history, will diminish when the needs of expansion in other spheres, and of creating a natural channel for the increasing population, are fully recognized by Italy. Neither condition is impossible. Irredentism will then lose its political significance, for the position, which belongs to Italy from her geographical situation and her past history, and will promote her true interests if attained, cannot be won in a war with Austria. It is the position of a leading political and commercial Mediterranean Power. That is the natural heritage which she can claim. Neither Germany nor Austria is a rival in this claim, but France, since she has taken up a permanent position on the coast of North Africa, and especially in Tunis, has appropriated a country which would have been the most natural colony for Italy, and has, in point of fact, been largely colonized by Italians. It would, in my opinion, have been politically right for us, even at the risk of a war with France, to protest against this annexation, and to preserve the territory of Carthage for Italy. We should have considerably strengthened Italy's position on the Mediterranean, and created a cause of contention between Italy and France that would have added to the security of the Triple Alliance.

The weakness of this alliance consists in its purely defensive character. It offers a certain security against hostile aggression, but does not consider the necessary development of events, and does not guarantee to any of its members help in the prosecution of its essential interests. It is based on a status quo, which was fully justified in its day, but has been left far behind by the march of political events. Prince Bismarck, in his "Thoughts and Reminiscences," pointed out that this alliance would not always correspond to the requirements of the future. Since Italy found the Triple Alliance did not aid her Mediterranean policy, she tried to effect a pacific agreement with England and France, and accordingly retired from the Triple Alliance. The results of this policy are manifest to-day. Italy, under an undisguised arrangement with England and France, but in direct opposition to the interests of the Triple Alliance, attacked Turkey, in order to conquer, in Tripoli, the required colonial territory. This undertaking brought her to the brink of a war with Austria, which, as the supreme Power in the Balkan Peninsula, can never tolerate the encroachment of Italy into those regions.

The Triple Alliance, which in itself represents a natural league, has suffered a rude shock. The ultimate reason for this result is found in the fact that the parties concerned with a narrow, short-sighted policy look only to their immediate private interests, and pay no regard to the vital needs of the members of the league. The alliance will not regain its original strength until, under the protection of the allied armies, each of the three States can satisfy its political needs. We must therefore be solicitous to promote Austria's position in the Balkans, and Italy's interests on the Mediterranean. Only then can we calculate on finding in our allies assistance towards realizing our own political endeavours. Since, however, it is against all our interests to strengthen Italy at the cost of Turkey, which is, as we shall see, an essential member of the Triple Alliance, we must repair the errors of the past, and in the next great war win back Tunis for Italy. Only then will Bismarck's great conception of the Triple Alliance reveal its real meaning. But the Triple Alliance, so long as it only aims at negative results, and leaves it to the individual allies to pursue their vital interests exclusively by their own resources, will be smitten with sterility. On the surface, Italy's Mediterranean interests do not concern us closely. But their real importance for us is shown by the consideration that the withdrawal of Italy from the Triple Alliance, or, indeed, its secession to an Anglo-Franco-Russian entente, would probably be the signal for a great European war against us and Austria. Such a development would gravely prejudice the lasting interests of Italy, for she would forfeit her political independence by so doing, and incur the risk of sinking to a sort of vassal state of France. Such a contingency is not unthinkable, for, in judging the policy of Italy, we must not disregard her relations with England as well as with France.

England is clearly a hindrance in the way of Italy's justifiable efforts to win a prominent position in the Mediterranean. She possesses in Gibraltar, Malta, Cyprus, Egypt, and Aden a chain of strong bases, which secure the sea-route to India, and she has an unqualified interest in commanding this great road through the Mediterranean. England's Mediterranean fleet is correspondingly strong and would—especially in combination with the French Mediterranean squadron—seriously menace the coasts of Italy, should that country be entangled in a war against England and France. Italy is therefore obviously concerned in avoiding such a war, as long as the balance of maritime power is unchanged. She is thus in an extremely difficult double position; herself a member of the Triple Alliance, she is in a situation which compels her to make overtures to the opponents of that alliance, so long as her own allies can afford no trustworthy assistance to her policy of development. It is our interest to reconcile Italy and Turkey so far as we can.

France and Russia have united in opposition to the Central European Triple Alliance. France's European policy is overshadowed by the idea of revanche. For that she makes the most painful sacrifices; for that she has forgotten the hundred years' enmity against England and the humiliation of Fashoda. She wishes first to take vengeance for the defeats of 1870-71, which wounded her national pride to the quick; she wishes to raise her political prestige by a victory over Germany, and, if possible, to regain that former supremacy on the continent of Europe which she so long and brilliantly maintained; she wishes, if fortune smiles on her arms, to reconquer Alsace and Lorraine. But she feels too weak for an attack on Germany. Her whole foreign policy, in spite of all protestations of peace, follows the single aim of gaining allies for this attack. Her alliance with Russia, her entente with England, are inspired with this spirit; her present intimate relations with this latter nation are traceable to the fact that the French policy hoped, and with good reason, for more active help from England's hostility to Germany than from Russia.

The colonial policy of France pursues primarily the object of acquiring a material, and, if possible, military superiority over Germany. The establishment of a native African army, the contemplated introduction of a modified system of conscription in Algeria, and the political annexation of Morocco, which offers excellent raw material for soldiers, so clearly exhibit this intention, that there can be no possible illusion as to its extent and meaning.

Since France has succeeded in bringing her military strength to approximately the same level as Germany, since she has acquired in her North African Empire the possibility of considerably increasing that strength, since she has completely outstripped Germany in the sphere of colonial policy, and has not only kept up, but also revived, the French sympathies of Alsace and Lorraine, the conclusion is obvious: France will not abandon the paths of an anti-German policy, but will do her best to excite hostility against us, and to thwart German interests in every quarter of the globe. When she came to an understanding with the Italians, that she should be given a free hand in Morocco if she allowed them to occupy Tripoli, a wedge was driven into the Triple Alliance which threatens to split it. It may be regarded as highly improbable that she will maintain honourably and with no arrière-pensée the obligations undertaken in the interests of German commerce in Morocco. The suppression of these interests was, in fact, a marked feature of the French Morocco policy, which was conspicuously anti-German. The French policy was so successful that we shall have to reckon more than ever on the hostility of France in the future. It must be regarded as a quite unthinkable proposition that an agreement between France and Germany can be negotiated before the question between them has been once more decided by arms. Such an agreement is the less likely now that France sides with England, to whose interest it is to repress Germany but strengthen France. Another picture meets our eyes if we turn to the East, where the giant Russian Empire towers above all others.