When the end of the most lopsided 78-day war in history finally came, the champagne was for the losers. In Belgrade last Wednesday night, thousands of young Serbs unburdened themselves in the city's Republic Square, dangling out the windows of their cars, blaring the horns and chanting "Serbia! Serbia!" They lit red magnesium flares and launched fireworks into the night sky. "I feel great," said Olivera Todorovic, 22. "It's a wonderful feeling to live again in peace."
Elsewhere the celebrations were fleeting. Bill Clinton openly declared "victory" in a nationally televised address Thursday night, followed by a triumphal tour Friday of...