Oo boy well first should the Germans win France will be getting squat
Second Austria is going to be such a mess I doubt it's going to have much Intrests in taking too much land and Third there will be no fascists.
In a CP victory Scenario odds are Germany gets its house in order and then proceeds to put down the Bolsheviks by force of arms in a second day war with Russia.
It's not terribly likely that one would end up with a 3 way cold war until you get an East asian power rise.
Why will there be no fascists - even OTL the Italians went fascist - winning the war. In a losing war they will probably not be more democratic.
Concerning Austria - the chances of survival are higher than usually believed hereabouts

, but they won't expand too much.
There were designs to create a Croat dominated Southern Kingdom encompassing Serbia - that might happen if the Hungarians allow the Croats to become independent from the Kingdom of Hungary - fat chance, Croatia is Hungarys door to the adriatic, they won't let it go, Taking in Serbia into Hungary makes the Hungarians (ethnic) position even worse than before. So aside from minor Border adjustments (like taking Novi Pazar for strategic reasons or the Lovcen,.) nothing will be taken (like they did not take much from Romania in the treaty of Bucharest.
Red Russia - complete possible, but smaller than OTL SU, depends also on the fate of Ukraine, can go both ways. Germany will be exhausted - even winning, the population will not want another war, so a War Red Russia/Prussia is unlikely. German troops will support the Baltic states and Finland, but not marching on Russian soil (even retreating by the terms of B-L)
France - well the AF is right wing, it could form a pseude fascist government, but the reds (socialist variety) might win too
Britain - I doubt it will go fascist, too conservative this country is, but I can see it in alliance with Frace and Italy - its in their interest to cooperate
So you get Entente-Mitteleuropa-Russia in a three way struggle (or more accurate a Mitteleuropa betwee two enemys who are not allied)
The Ottomans, well AS Turkey was sucessful to reverse some losses of the GW, it might evelop into a stable entity - if remaining somewhat aggressive it will be able to dominate the Arabs (who are not famous for cooperation and in reality still more a horde of desert warriors than forming a real army. A hell of a place if outside the towns, - that is if Britain plays nice - a Brit trained and supported arab nation could survive.
If the Turks manage to foster rivalries between Kurds, Shiites an Sunnites it probably can hold Irak and probably even Syria/Lebanon/Jordan if playing one minority against the others...