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 rounded on all sides. In the opinion of competent authorities, it would have been easy then to overcome the Roumanian army completely. As it happened, however, that portion of the Roumanian army which remained intact became a constant danger in case we should fail to come to an agreement with the West.

We were continually threatened by the policy of the court in Jassy, which was approved of by the Entente. With regard to the conditions of peace that should have been demanded from Roumania, I would only have desired an adjustment of the frontiers and the leading statesmen of Hungary agreed with this view of mine. In broad outlines, Wekerle, Apponyi and Tisza also shared my opinion. There were only very few Hungarian politicians who thought of larger conquests at the expense of Roumania. Karolyi and the Socialistic party were in favour of a peace without annexation and without indemnity. The monarch also was inclined to accept this point of view. I was unable to ascertain the point of view of Count Czernin, in spite of the fact that I negotiated with him on this subject. Czernin was trying to point out that the disadvantageous effect of our policy at that time was due to the demands made by Hungary. This attempt of his, however, was unjustified, and due to his well-known hatred of Hungary. The peace of Brest-Litovsk and not the peace of Bukarest, was decisive for the European situation, and the result would have remained exactly the same if we had not taken the scarcely populated frontier region of Roumania. If, however, this unimportant adjustment