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What if the German military/cabinet/crown decided that the situation in 1914 was not favorable for a war given the poor state of its alliances resources compared with the Triple Entente?

Therefore, it opts to calibrate Austria-Hungary's response to the Sarajevo events to the point that some punishment/humiliation can be inflicted on Serbia, but only to the point that Serbia and the Entente can accept without getting their backs up.

IE, Germany can support some Austro-Hungarian demands, but never issues a "blank check" to Vienna.

What are the near and medium term most probable consequences -
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