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In an alternate scenario where the Pan-Scandinavianism movement is successful (and survives to the present with the possible inclusion of Finland Post-WW1) like the parallel 19th-century unification movements of Germany and Italy, what effect would a United Scandinavia have on the balance of power in Europe?

Also, how would a United Scandinavia compare with the top OTL economies of Europe (e.g. France, Germany, Italy and the UK)?

http://en.wikipedia.org/wiki/Scandinavism
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