We are now in a position of self-defence, and necessity knows no law! (Cries of “Quite right.”) Our troops have occupied Luxembourg, perhaps they have already entered Belgium. (Loud applause.) That is a breach of international law. The French Government, it is true, had declared in Brussels that they would respect Belgian neutrality so long as their opponent respected it. But we knew that France stood ready to invade it. (Cries of indignation.)

We will create real guarantees to ensure that Belgium shall not become a Franco-British vassal and shall not be used as a military and economic high road against Germany. Germany cannot abandon the so long enslaved Flemish people to Latinisation. We will, on the contrary, ensure for it a sound development corresponding to its resources and based on the Flemish language and character.

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My last speech before the assembled Reichstag on December 12, 1916, concerned the proposal of Germany and her Allies to enter into peace negotiations Our action found a lively echo in the neutral countries. But in the enemy countries the stubborn war lust of their rulers was stronger than the cry of the nations for peace. Our enemies alone bear the enormous guilt for the continued bloodshed. It was they who rejected the hand of understanding.

We must maintain Austria proper. Were Russia to unleash the South Slavs, we would be lost. ... If the Serbian quarrel passes without Russian mobilization, we can safely come to an understanding with the Tsar, [who will be] disappointed in the Western powers, once Austria is satisfied.

Lord yes, in a certain sense it was a preventive war, [motivated by] the constant threat of attack, the greater likelihood of its inevitability in the future, and by the military's claim: today war is still possible without defeat, but not in two years! Yes, the generals. It could only have been avoided by a rapprochement with England, that is still my conviction. But after we had decided for a [common] policy with Austria, we could not desert her in such danger.

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What I am able to say concerning the direction and aim of our terms, I have already said repeatedly. To put an end to the war with a durable peace that will compensate us for all the wrongs we have suffered and will safeguard the existence and future of a strong Germany—that is our aim.

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All these attempts on which, as he well knew, I had worked incessantly, were wrested from me. And by whom? By England; and why? Because of Belgian neutrality! Can this neutrality which we violate only out of necessity, fighting for our very existence, and with the express assurance that we will repay any damage, if Belgium lets us march through—can this neutrality and the way in which it is threatened, really provide the reason for a world war? Compared to the disaster of such a holocaust does not the significance of this neutrality dwindle into a scrap of paper?

[We are confronted with our] old dilemma at every Austrian action in the Balkans. If we encourage them, they say we pushed them into it. If we discourage them, they say we left them in the lurch. Then they will throw themselves into the open arms of the Western powers and we lose our last important ally. ... [My predicament is] worse than in 1912, because this time Austria is on the defensive against Serbo-Russian intrigues. ... An attack on Serbia can lead to world war. [Any general conflagration] however it ends [will lead] to a revolution of all existing conditions. ... The future belongs to Russia which grows and grows, looming above us as an increasingly terrifying nightmare. ... Perhaps the old Emperor [Francis Joseph] will prefer not to fight after all. If war comes from the east so that we have to fight for Austria-Hungary and not Austria-Hungary for us, we have a chance of winning. ... [I]f war does not break out, if the Tsar is unwilling or France, alarmed, counsels peace, we have the prospect of splitting the Entente.

If war is forced upon us, we shall fight and, with God's help, not perish. But to conjure up a war ourselves without having our honor or vital interests imperiled, this I would consider a sin against Germany's destiny, even if human foresight would predict a total victory.

This evening I have most energetically declared to the Viennese cabinet that Germany will not swim in Austria's wake in the Balkans. Should Vienna reply affirmatively I still do not despair for peace. Sad to say, through quasi-elemental forces and the persistent poisoning of relations among the cabinets, a war desired by no one might be unleashed.