In fact, the peace settlement created new opportunities for German foreign policy in East-Central Europe, where the once-mighty Habsburg and Romanov empires had been replaced by a squabbling congeries of small and unstable states such as Austria, Czechoslovakia, Hungary, Poland, Romania and Yugoslavia. The Treaty’s territorial provisions were mild compared with what Germany would have imposed on the rest of Europe in the event of victory, as the programme drawn up by the German Chancellor Bethmann Hollweg in September 1914 had clearly indicated in principle, and the Treaty of Brest-Litovsk,
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