NEWS OF THE WEEK.
r HE continuance of the Genoa Conference seems to depend,
when we go to press on Thursday, on finding a formula. If anybody can be trusted to find a formula that provides at 1 art a temporary solution Mr. Lloyd George can be. So it may be that • one will be found. We have written fully elsewhere about the private Treaty between Germany and Russia which has brought about the crisis, but we may repeat here that we cannot share the general surprise that such a thing has happened. Germany has certainly no sufficient excuse ; she has done entirely the wrong thing oven from her own point of view ; but at least one can understand why she has done it. The trouble is not that Germany and Russia have come to an agreement —for the agreement is not bad in itself so far as the prospect of reviving trade is concerned—but that they have done it without consulting the other members of the Conference.
