“If the peace presently to be made is to endure it must be a peace made secure by the organized major force of mankind.
The terms of the immediate peace agreed upon will determine whether it is a peace for which such a guarantee can be secured. The question upon which the whole future peace and policy of the world depends is this:
Is the present war a struggle for a just and secure peace or only for a new balance of power?
If it be only a struggle for a new balance of power, who will guarantee, who can guarantee, the stable equilibrium of the new arrangement?
NO VICTORY FOR EITHER SIDE Only a tranquil Europe can be a stable Europe.”