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If Germany assessed that a Spring Offensive is unlikely to bring the Entente down and decided to sit on the defensive, what terms could they get?

Alsace-Lorraine and it’s colonies would almost certainly be gone and it would have to withdraw from France/Belgium/Luxembourg. The Ottoman Empire isn’t something I see Germany fighting for.

What could Germany hope to keep here that it lost originally?

Avoid its territorial loses to Poland and Denmark?

Avoid reparations and demilitarization?

Hold Austria-Hungary together, and be allowed to annex Austria and Bohemia if AH does collapse?


Or would they get hit nearly as hard as the OTL?
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