Had it not been for the Anglo-Russian agreement the Russians would either have interfered to keep the Shah on the throne or their troops would have b… - Edward Grey, 1st Viscount Grey of Fallodon

[O]ur friendship with France and Russia is in itself a guarantee that neither of them will pursue a provocative or aggressive policy towards Germany, who is their neighbour and ours. Any support we would give France and Russia in times of trouble would depend entirely on the feeling of Parliament and public feeling here when the trouble came, and both France and Russia know perfectly well that British public opinion would not give support to provocative or aggressive action against Germany.

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.

The wrong policy is the policy which Germany pursued after 1870. Germany made the Triple Alliance an exclusive Alliance, forced the pace in armaments, and that policy produced conditions in Europe which led to war in 1914. I am convinced that is the true reading of history. Precisely because of that, I think it would be a grave blunder for the Allies who won the last War to repeat the German policy of 1870, and so far they have not done so. On the contrary, they have pursued what seems to me the right policy—the League of Nations policy and Locarno... They have got Germany coming into the League of Nations—on to the Council—on equal terms; they have got Germany to come into the joint security, both for France and Germany, of the Treaty of Locarno. That was the right policy. If the Government was about to go and make a separate political Entente with France it would be a departure from the right policy.