Austria-Hungary has made peace with the Allies. This effectively marks the end of the Habsburg Empire. Emperor Karl issues a statement renouncing power in Austria, but it is worded so carefully that it does not constitute an actual abdication. Karl continues to consider himself the rightful Emperor of Austria and King of Hungary.
Austria and Hungary are both going their separate ways, and both are being torn apart by the conflicting national aspirations of Czechoslovaks, Yugoslavs and Italians, as well as those of the German-Austrians and Hungarians themselves. Hungary also looks like it might be losing Transylvania, coveted by Romania. Romania was bludgeoned into submission by Germany earlier this year but now it has sprung back into life. Yesterday it declared war on Germany and today it invades the eastern Austrian province of Bukovina. Transylvania (inhabited both by Hungarians and Romanians) is surely next on its list.
DAVE DOES HISTORY 
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