The thread title speaks for itself.
So in 1914 Germany is pulled into a war it did not want. The French are still butthurt because of Alsace-Lorraine and the Brits can't stand anyone else having a powerful Navy The Russians side with the Serbians against Austria-Hungary and Germany, and Italy is only a dubious ally (they switched later during the war).
The Germans launch a preemptive strike against France, using a modified version of the Von Schlieffen-plan. However, the Brits hop in and the German offensive is brought to a stop not too far from Paris. The war in the West gets bogged down in a slugfest of trench warfare.
In the East, the Austrians are getting their arses handed to them by basically anyone they fight against. The Germans manage to achieve a major victory at Tannenberg, though, and start driving the Russians back quite succesfully. Eventually the Russians are forced to withdraw because of internal issues.
The last German offensive on the Western front allows them to advance up to 60 kilometres at certain points. Now imagine if, for example, the Americans did not get involved into the war. The Brits and the French face a German army which is still more powerful than theirs and, since everybody is becoming war-weary, everybody wants the war to end. The Germans, preparing a final assault, propose an ultimatum to the entente, which they agree to. The war ends and the Germans end up victorious. If this would've happened, which impact would it've had on the aftermath and onto the present day?
-World War II (at least certainly not the one we know) would've never happened: no vengeful feelings after the Dictate of Versailles.
-The entente wouldn't have been forced to make huge concessions (like what Germany had to do after Versailles): they probably had to pay some war damages, but no major territorial changes (excluding concession of some colonies, methinks). The Germans didn't start the war, so there was no specific goal except self-defense and therefore they probably wouldn't impose disproportional measures.
So what do you folks think?