If the Bulgarian Government had left prejudices to one side and looked clearly at the events, they would not have been slow to understand that from the moment England stepped into the war and Italy abandoned her allies, the Austro-German alliance politically lost the game. Each passing day diminishes more and more the hopes of success of the Dual Alliance, and permits England and Russia to expand their inexhaustible forces. It is not difficult to foresee from now the terms of peace that England and Russia will impose. Any policy which expects to profit from the defeat of these two powers is doomed to failure, and because such is the policy of the Bulgarian Government, we think that it is against the interests of the country.
This policy, among its other disadvantages, opens forever a gap between little Bulgaria and great Russia, which power, even if defeated, will never cease to play an active part in the Balkans.

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