On 12 April, he drafted a memorandum with a gloomy prognostication of Austria-Hungary's war situation that was transmitted through Emperor Karl I to Matthias Erzberger, a member of the German Reichstag, outlining the reasons why the Dual Monarchy could not survive another winter of fighting. This resulted in the well-meaning but ineffective peace resolution of 19 July 1917. In a speech in Budapest on 2 October 1917, he spoke in favour of international justice, disarmament, arbitration and freedom of the seas as a basis for peace and as a legal basis for a new Europe.