Minor Power Status
Not surprisingly the Germans have aligned themselves with the "wait and see, no war, now or ever" faction. Which leaves them firmly in the growing camp of "little powers".
The point about little powers is that they can do nothing to actually alter what goes on in the world. While it may be satisfying at a domestic political level to take shots at the Americans, the impotence of the little powers is palpable.
The consequences of the German-French axis are, well, minimal. The Americans have all the cover they believe they need in the form of the last UN resolution regarding Iraq. Even if the little men of Europe whine, what, exactly can they do?
It is a safe bet that the Americans will not ask for a second UN resolution if they do not think they have the votes to pass it. Why bother? And it is an even safer bet that if the Americans are not satisfied with Iraq's co-operation, they will be in Bagdhad by the end of March.
Schroeder's capitulation will not alter American or British policy one iota. But what it will do is ensure that Germany is rendered utterly irrelevant in world politics for the next few years. Pledging Europe to Peace makes it seem as if Europe matters. It doesn't, or at least it doesn't matter much.