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The first and most important thing to note is that,

though the Rumanians have had to retreat, it is quite clear that their Army has been able to do so without any loss of moral. Otherwise we should hear of great losses of prisoners. But even the German wireless dares not make any claim this week beyond the capture of eleven hundred in the battle at Brasso—a loss which may be described as not abnormal in a rearguard action in which large forces are involved. If the Germans were to get possession of the passes into Rumania and penetrate actually into the country, no doubt the position would be serious ; but that has not happened yet, and we do not believe it will happen. Till it does we refuse to be frightened by German bluff.

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