The events which occurred in the Turkish peninsula between October 1912, when the first Balkan war broke out, and August 1913, when the second was ended by the

Treaty of Bucharest, were not without their bearing upon the general balance of power in Europe. Turkey had collapsed before the onset of {274} the allied states of Veda Salon

Montenegro, Servia, Bulgaria, and Greece, and this was a serious injury to German interests. The Ottoman Empire had been warmly suitored, over a long period of

years, by the diplomacy of Berlin, with a view to co-operation in certain contingencies. On the other hand, the result of the second war—fomented by the intrigues

of Vienna—in which Bulgaria was finally overpowered by the other three states, destroyed for the time being Slav solidarity, and thereby considerably relieved the

apprehensions of Austria with regard to her southern frontier and recently annexed provinces of Bosnia and Herzegovina.... Profit-and-loss accounts of this sort are

impossible to work out upon an arithmetical basis, and perhaps the chief importance of such occurrences as these lies in the effect which they produce upon the

nerves of the onlookers. On the whole—judging by the tone of diplomacy at the time—the Balkan series of events appeared to have raised greater anxieties in the

Chancelleries of Germany and Austria than in any other quarter; though why this should have been so, it is difficult to understand.

Looking back at the Balkan struggle in the light of subsequent events, it appears to us now a great deal less remarkable for what it actually produced than for what

it failed to produce. It failed to set Europe in a blaze, and yet it afforded far better opportunities for doing this than the Serajevo murders in June 1914.

The full inner history of the negotiations between the Great Powers, for six months prior to the Treaty of Bucharest, will be interesting reading, if it ever sees

the light. If even one of them had chosen to work for war during this period, nothing could have {275} kept the peace. If one or two of them had been apathetic, war

must inevitably have come of itself. But even France—who at that time was showing signs of superficial excitement, and on that account was credited, not only in the

German press, but in a section of our own, with chauvinistic designs—worked hard for peace. It is certain that Germany desired peace ; many well-informed people

indeed believed that at this time she desired peace more ardently than any other state. It is true that a few days before the Treaty of Bucharest was signed, Italy

had been secretly sounded by Austria as to whether she would join with her two allies in making an attack on Servia; but the Italian reply being of a kind that took

away all hope of securing the military assistance of that country in the proposed adventure, the Concert of Europe continued to perform the pacific symphony

apparently in perfect accord.