Reform requires breaking up bureaucratic fiefdom, eliminating obsolete agencies, and doing more with less. The U.N. must reform to remain relevant and to play a still stronger role in the march of freedom, peace, and prosperity. Throughout this hemisphere, every nation except one has chosen democracy, and the goal of an integrated, peaceful and democratic Europe is now within our reach for the first time. In the Balkans, the international community's determination and NATO's resolve have made prospects for peace brighter than they have been for four long years. Let me salute the U.N.'s efforts on behalf of the people of Bosnia.
Many fundamental differences remain.
But I urge the parties to seize this chance for a settlement. If they achieve peace, the United States will be there with our friends and allies to help secure it. All over the world, people yearn to live in peace. And that dream is becoming a reality. But our time is not free of peril.