I think this significantly decreases the risk of Europe-wide war.
But it doesn't affect the determination of France and Russia to eventually settle Germany's hash, which I believe was a large factor (though not the largest) in bringing WW1 about.
Russia is going to continue backing the Serbs and trying to expand its influence in the Balkans, with Germany as the primary stumbling block. Many influential French leaders will still be burning to avenge their defeat of 1870-1 and get "their" territories back.
The only way for Germany to defuse these things is to utterly roll over and abandon itself to Franco-Russian desires -- a bit too much to expect of any Great Power.
Finally, this doesn't in any way address Germany's rather petty (but in terms of the national mores of the time, justified) grievance about not getting the respect that a Great Power deserved from fellow members of the Club. A strengthened Russia would certainly be a deterrent to Germany, but I don't know if it would be enough for Kaiser Bill to pull in his horns sufficiently to deny the French and Russians an eventual pretext for war.
But it doesn't affect the determination of France and Russia to eventually settle Germany's hash, which I believe was a large factor (though not the largest) in bringing WW1 about.
Russia is going to continue backing the Serbs and trying to expand its influence in the Balkans, with Germany as the primary stumbling block. Many influential French leaders will still be burning to avenge their defeat of 1870-1 and get "their" territories back.
The only way for Germany to defuse these things is to utterly roll over and abandon itself to Franco-Russian desires -- a bit too much to expect of any Great Power.
Finally, this doesn't in any way address Germany's rather petty (but in terms of the national mores of the time, justified) grievance about not getting the respect that a Great Power deserved from fellow members of the Club. A strengthened Russia would certainly be a deterrent to Germany, but I don't know if it would be enough for Kaiser Bill to pull in his horns sufficiently to deny the French and Russians an eventual pretext for war.