Italy came out of WWII with fairly light 'punishment,' at least compared to Germany. All Italian colonies were ceded away, but only very small parts of the Italian 'core' was lost. Italy even recovered part of Trieste later.
What other territory could plausibly have been lost, and what would have been the longer term effects?
The Aosta valley has a very large french population, perhaps cede that to France.
France might also take the Roya River valley in the south of the Franco-Italian border. This would straighten out the border a bit, and I assume this sparsely populated region had at least a couple ethnic french living there in need of protection.
A few of Italy's small western mediterranean islands to France? Asinara between Corsica and Sardinia isn't especially significant to Italy for its population or resources, and France might claim it to better control the strait of Bonifacio.
The Yugoslav border could have been moved a bit further west. The population just west of the OTL Yugoslav Italian border has a plurality of italians, but large slovene, croatian, and german minorities. All of Trieste at least could have been Yugoslav.
Sicily and/or Sardinia as independant western friendly republics, if it seems that the Italian mainland might be leaning a bit far to the left.
Maybe even Sardinia as an autonomous part of Spain, in exchange for the spanish joining the allies?
TTL's Italy would have about 55 000 square kilometers and 7 000 000 people under OTLs 301,338 km^2 and 60,674,003 people.
What other territory could plausibly have been lost, and what would have been the longer term effects?
The Aosta valley has a very large french population, perhaps cede that to France.
France might also take the Roya River valley in the south of the Franco-Italian border. This would straighten out the border a bit, and I assume this sparsely populated region had at least a couple ethnic french living there in need of protection.
A few of Italy's small western mediterranean islands to France? Asinara between Corsica and Sardinia isn't especially significant to Italy for its population or resources, and France might claim it to better control the strait of Bonifacio.
The Yugoslav border could have been moved a bit further west. The population just west of the OTL Yugoslav Italian border has a plurality of italians, but large slovene, croatian, and german minorities. All of Trieste at least could have been Yugoslav.
Sicily and/or Sardinia as independant western friendly republics, if it seems that the Italian mainland might be leaning a bit far to the left.
Maybe even Sardinia as an autonomous part of Spain, in exchange for the spanish joining the allies?
TTL's Italy would have about 55 000 square kilometers and 7 000 000 people under OTLs 301,338 km^2 and 60,674,003 people.