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NEWS OF THE WEEK.

WE have dealt elsewhere with the general European situation, and will only say here that on the whole the chances that we shall escape without another war in the Balkans continue to grow a little brighter. There is still, no doubt, great danger, but every day which passes without an outbreak renders the position better. In a word, we feel justified in maintaining an attitude of what we may perhaps be allowed to describe in a "bull" as sombre and anxious optimism.

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