The fact that Germany had to do all of this obviously hurt Germany, but also hurt the entire continent of Europe. Germany could not pay for the amount of money they owned, so the government would simply print more money. This caused the money to lose value, which was at times even worse than owing so much money.
Lastly, the treaty, and specifically the War Guilt Clause, would cause tension between Germany and other nations. The peace treaty did exactly the opposite of what President Wilson held as his principles. It enraged Germany, and, although a second war was unlikely, it did nothing to ease the hatred Germany felt for the other Europeans. Imagine having a whole world war that involved casualties from over 10 different countries, all blamed on you. That was Germany's position, and this caused even more cultural differences and distaste between Germany and the other countries of Europe.
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