We are going to suffer, I am afraid, terribly in this war, whether we are in it or whether we stand aside. Foreign trade is going to stop, not becaus… - Edward Grey, 1st Viscount Grey of Fallodon

A friend came to see me on one of the evenings of the last week — he thinks it was on Monday, August 3rd. We were standing at a window of my room in the Foreign Office. It was getting dusk, and the lamps were being lit in the space below... My friend recalls that I remarked on this with the words, "The lamps are going out all over Europe: we shall not see them lit again in our life-time."

If France is beaten in a struggle of life and death, beaten to her knees, loses her position as a great power, becomes subordinate to the will and power of one greater than herself—consequences which I do not anticipate, because I am sure that France has the power to defend herself with all the energy and ability and patriotism which she has shown so often—still, if that were to happen and if Belgium fell under the same dominating influence, and then Holland, and then Denmark, then would not Mr. William Gladstone’s words come true, that just opposite to us there would be a common interest against the unmeasured aggrandizement of any power?

There is no danger, no appreciable danger, of our being involved in any considerable trouble in Europe, unless there is some Power, or group of Powers, in Europe which has the ambition of achieving what I would call the Napoleonic policy. That would be a policy on the part of the strongest Power in Europe, or of the strongest group of Powers in Europe, of first of all separating the other Powers outside their own group from each other, taking them in detail, crushing them singly if need be, and forcing each into the orbit of the policy of the strongest Power, or of the strongest group of Powers... I do feel this very strongly, that...if while that process was going on we were appealed to for help and sat by and looked on and did nothing, then people ought to realise that the result would be one great combination in Europe, outside which we should be left without a friend. If that was the result, then the naval situation would be this, that if we meant to keep the command of the sea we should have to estimate as a probable combination against us of fleets in Europe not two Powers but five Powers.