I still think the Germans would have wars running back up their butts in seconds if they made that kind of peace treaty. No major in nation in Europe would tolerate such a loss of power considering the times. In reality, it would be much like WW2, with all of the defeated nations breaking the treaties within decades and relaunching yet another war, much more massive and much more destructive than the first.

Of course obviously we can't predict what would happen in a second world war. If Germany won, probably something similar to the end of World War 2, with the defeated countries being finally subjegated and stripped of their power.

If the Allies won..... I don't even want to think about that, what they would do to Germany would probably be something to the equivalent of dividing it back down to the tiny states of the Holy Roman Empire, or permant annexation by the different Allied countries. That would probably be the worse-case scenario.

But it does look interesting.