A survery of the Italian foreign politics at the breakdown of the Soča (Isonzo) front is the continuation of the article on Italy entering the First World War (Kronika, 1973, No. 2, p. 136). Besides the data obtained from a diary written by S. Sonniino (1916—1920) the author relied mainly on the documents of the Italian Ministry for Foreign Affairs. In spite of the defeat, the October revolution and the entrace of the United States into the War, Sonnino stubornly perseveres to the London pact and its secrecy. The author of the article shows the two-sidedness of two personalities: count Sforza, who was in 1917 the ambasador to the Serbian government, and an Italian foreign minister when the Rapallo treaty was signed in 1920, and a foreign minister when peace treaty was signed in 1947. The other personality is N. Pašić, who signed — together with the Yugoslav Committee — the Corfu treaty in July 1917, and who assured Sonnino about the obligations of the London pact on 8 September 1917.