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From the material point of view the proposal is unacceptable, for France, without further territory in Europe being taken from her, could be so crushed as to lose her position as a Great Power, and become subordinate to German policy.
Edward Grey
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An understanding is perhaps better than an alliance, which may stereotype arrangements which cannot be regarded as permanent in view of the changing circumstances from day to day.

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Altogether apart from that, it would be a disgrace to us to make this bargain with Germany at the expense of France, a disgrace from which the good name of this country would never recover.

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