I hope that the first eventuality will be realised, particularly in view of the new uprising in the East and the growing intimacy between Russia, Turkey and Germany. But, however it may be, we must get beyond conventional phrases. It is time, in fact, to abandon diplomatic expedients, which are renewed and repeated at every conference, in order to deal directly with historical fact, by which alone it is possible to decide one way or another the trend of events. Our foreign policy, which aims at protection of our interests, respect of treaties and the settling of our position in the Entente, cannot be described as adventurous and imperialist, in the vulgar sense of the word. We want to follow a policy of peace that will not, however, be at the same time suicidal. In order to refute the pessimists who expected catastrophic results to follow upon the advent of the Fascisti to power, it is enough to remind them that our relations with the Swiss are perfectly friendly, and that a commercial treaty, already in the process of formation, will further contribute towards strengthening them when it is completed; that they are perfectly correct as regards Yugoslavia and Greece; we are on good terms with Spain, Czechoslovakia, Poland and Roumania, and the other Baltic States, where of late Italy has gained a great deal of sympathy, and where we are trying to make commercial agreements; and on equally good terms with the other States. As far as Austria is concerned, Italy will keep faith as regards her promises, and will not neglect to enter into economic relations with her as well as with Hungary and Bulgaria. We maintain, as regards Turkey, that what is now an accomplished fact ought to be recognised as such at Lausanne, with the necessary guarantees as to trade in the Straits, European interests and the interests of the small Christian communities. The situation which has arisen in Islam is going to be carefully watched. When Turkey has got what belongs to her she must not try to obtain more. There will come a day when it will be necessary to say, “Thus far and no further!” The danger of complications in the Balkans, and in consequence in Europe in general, can be avoided by firmness, which will have an increased effect in proportion to the loyalty of the Allies’ conduct. We do not forget that there are 44,000 Mohammedans in Roumania, 600,000 in Bulgaria, 400,000 in Albania, and 1,500,000 in Yugoslavia; a world which the recent victory of the Crescent has exalted, at any rate secretly.