"It sounds kind of like what an American-brokered peace to end WW1 would look like."
This is my reaction. This looks a lot like the result of the peace initiatives by both the American and German governments in the winter of 1916-17 getting much further than they did, with the result that the Germans postpone unleashing the subs. Then without the Americans coming in, the British and French have to go along with the proposals after the mutinies and the February Revolution. By the way, the German government promised one man one vote in Prussian elections and other liberal reforms during the war, so you don't necessarily need Germany to lose to get them.
This is my reaction. This looks a lot like the result of the peace initiatives by both the American and German governments in the winter of 1916-17 getting much further than they did, with the result that the Germans postpone unleashing the subs. Then without the Americans coming in, the British and French have to go along with the proposals after the mutinies and the February Revolution. By the way, the German government promised one man one vote in Prussian elections and other liberal reforms during the war, so you don't necessarily need Germany to lose to get them.