I am gladly willing to use my connections to the party and the government to assure for your Imperial Highness the permission to return to Germany. - Gustav Stresemann

The more clearly we express it that the whole weight of our future victories will lie on our enemies, the more, in my opinion, will it tend to shorten the war. We have covered a considerable distance towards peace. The Entente no longer has any possibility of beating us economically. Do they think they can beat us militarily, now that our position in the West has become better that it ever was? If the statesmen of the Entente wanted understanding, they ought to have taken advantage of the situation now, when the Reich Chancellor has offered them the hand of understanding. They are playing a wanton game with their misguided peoples. Let the example of Russia be a warning to them. Russia, which offered us the hand of understanding, could have obtained a good peace of understanding if she had not risked this peace through the arrogance of Trotsky. May this struggle bring us victory, but may it also bring the benefits of this victory for Germany's future.

The conquest of Riga is of the greatest importance not only from the military, but also form the political point of view.... Our military situation was never more glorious than it is at present. Meanwhile, there is also the U-boat war, which is taking its course. The destruction of enemy tonnage that was expected of it on the basis of official predictions, has not only been achieved, but partly exceeded by more than half.... Time is working for us. Britain to-day is fighting the war with a watch in her hand, and it is in this that I see the fundamentally decisive effect of the U-boat weapon for us and the approach of peace.... If we are to achieve anything through compromise and understanding, then the Government must not be forced to make any statements renouncing something from the outset. For this reason the tactics by which it has been and is still being tried to make the Government declare its disinterestedness in Belgium, are wrong. Even those who share the attitude of Herr Scheidemann ought to fight for the last stone in Belgium, in order to exploit to the utmost that which possession has made into a dead pledge.... However, the fact that we are going to have peace—and, we hope, soon—will in my conviction be due, apart from our military achievements, to the effects of unrestricted U-boat warfare, of which I have repeatedly said before the Main Committee that while I reject the formula that it will force Britain to her knees, I believe as firmly in the formula that it will force Britain to the conference table.

We... would nevertheless make it clear that entirely independent political structures are impossible here [in the Baltic].... They cannot lead an isolated existence between the colossi of West and East. We hope that they will seek and find this support with us. The German occupation will have to continue for a long time, lest the anarchy we have just been combating should arise again. We shall have to safeguard the position of the Germans, a position consistent with their economic and cultural achievements.... Herr Scheiddemann, said that we have made ourselves new enemies in the world through our push in the East.... Had we continued the negotiations, we should still be sitting with Herr Trotski in Brest-Litovsk. As it is, the advance has brought us peace in a few days and I think we should recognise this and not delude ourselves, particularly as regards the East, that if by resolutions made here in the Reichstag or through our Government's acceptance of the entirely welcome initiative of His Holiness the Pope, we had agreed to a peace without indemnities and annexations, we should have had peace in the East. In view of our situation as a whole, I should regard a fresh peace offer as an evil. My chief objection is against the detachment of the Belgian question from the whole complex of the question of peace. It is precisely if Belgium is not to be annexed that Belgium is the best dead pledge we hold, notably as regards England. The restoration of Belgium before we conclude peace with England seems to me an utter political and diplomatic impossibility.... There is a great difference between the first set of terms at Brest-Litovsk and the ultimatum that we have now presented, and the blame for this change rests with those who refused to come to an agreement with Germany and who, consequently, must now feel her power. We are just as free to choose between understanding and the exploitation of victory in the case of the West, and I hope that these eight or fourteen days that have elapsed between the first set of peace terms in Brest-Litovsk and the second set, may also have an educational effect in that direction.