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What would an unambiguous Austrian victory in the War of the Spanish Succession look like in the final peace?
Presumably, the British (and perhaps Dutch) would need to be granted considerable concessions in order for this potential threat to the balance of power to be worthwhile; and France would need to be defeated and left prostrate for them not to lack a strong negotiating position.
So what would Britain need? What would the Austrians be willing to give up to secure Spain?