Indeed. While the Modern Middle East isn't my specialty I really don't think Turkish industrial capacity would be enough to support a modern war after the disaster of Sevres.
That's another thing.
The focus in discussions like these is always on the "harshness" of Versailles. But it's obvious from OTL that however harsh the fiscal terms were, materially speaking, Germany was left in good enough shape to fight another war. There was no partition, no major occupation, barely a minor occupation. Beyond a some trading of territories with France and Poland, they were left largely intact.
Their army was disbanded, but not technically unarmed. If that were the case, there'd have been no Freikorps.
The political leadership (besides the Kaiser, anyway) was still largely in the hands of the same people. The SPD was far more competitive post-war, but one only has to look to the rise of the NSDAP to see how much pull the traditional junkers and conservatives still had on Germany.
Versailles drained Germany dry and put its economy on broken stilts, but it didn't butcher it. The country was just allowed to fester in its own social excesses while being allowed every opportunity to rebuild its powerbase.
Political independence was maintained, economic independence was maintained, social independence was maintained.
The treaty of Sevres, if even half of it was maintained goes
a lot further than Versailles.
I'll butt out on whether that's bad or good, cause I know jack about Turkey.
