The Fleet Laws of 98, 00, and 07 would see that the German battleships/cruisers are built to a set number and replacement rate. The Navy was popular with the National Liberals. Diplomacy of the period ebbs and flows depending on whether A-H or Turkey is considered the "Sick Man of Europe."
The Sarajevo assassination of Archduke Ferdinand need not have ignited the Great War, if only because F was not liked in Vienna and little mourned because of his outrageous notions of freedom for the nationalities and a possible Triple Monarchy. It did show that nobody had control of their generals.
The fact was that in 1914, the only place that conflict within Europe was even thought possible was ..... Ireland. There simply were no territorial disputes worthy of war among European powers.