Austria defeats Prussia: Balance of Power?

Austria defeats Prussia at Koniggratz and the Prussians sue for peace afterwards as they are forced to retreat over mountains they'd already stripped of supplies.

France and Russia mediate the peace, with neither desiring Austrian domination of Germany and a neutering of Prussia. Austria gains Silesia but loses Veneto. Schleswig-Holstein would be Austrian or Austrian-dominated.

Austria here likely remains a centralized state and Austria likely doesn't challenge France regarding the annexation of Luxembourg.


What is the broader European balance of power?
 
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