So far from regarding this as a test case on which the future of the League of Nations depends, I say that whatever happens in the Far East, I shall … - Edward Grey, 1st Viscount Grey of Fallodon

[T]here is no comparison between the importance of the German Navy to Germany, and the importance of our Navy to us. Our Navy to us is what their Army is to them. To have a strong Navy would increase their prestige, their diplomatic influence, their power of protecting their commerce; but as regards us—it is not a matter of life and death to them that it is to us.

It has become only too apparent that in the proposal of a conference which we made, which Russia, France, and Italy agreed to, and which Germany vetoed, lay the only hope of peace. And it was such a good hope! Serbia had accepted nearly all of the Austrian ultimatum, severe and violent as it was. The points outstanding could have been settled honourably and fairly in a conference in a week. Germany ought to have known, and must have known, that we should take the same straight and honourable part in it that she herself recognised we had taken in the Balkan Conference, working not for diplomatic victory of a group but for fair settlement, and ready to side against any attempt to exploit the Conference unfairly to the disadvantage of Germany or Austria. The refusal of a Conference by Germany, though it did not decide British participation in the war, did in fact decide the question of peace or war for Europe, and sign the death warrant of the many hundreds of thousands who have been killed in this war.

What Herr Ballin said was, apparently, that I was indirectly responsible for the war, because I had not pledged this country definitely either to support France and Russia, or not to support them. In the former event, Austria would have given way; in the latter, France and Russia would have given way. This was not true; but what it suggested to me was how far Herr Ballin was from understanding what democratic government meant. The idea that one individual, sitting in a room in the Foreign Office, could pledge a great democracy definitely by his word, in advance, either to take part in a great war or to abstain from taking part in it, is absurd.