Britain could have lived with a German victory in the first world war, and should have stayed out of the conflict in 1914, according to the historian Niall Ferguson, who described the intervention as "the biggest error in modern history".
In an interview with BBC History Magazine, Ferguson said there had been no immediate threat to Britain, which could have faced a Germany-dominated Europe at a later date on its own terms, instead of rushing in unprepared, which led to catastrophic costs.
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