ABSTRACT
‘The question upon which the whole future peace and policy of the world depends is this: Is the present 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? Only a tranquil Europe can be a stable Europe. There must be, not a balance of power, but a community of power; not organised rivalries, but an organised common peace. …
