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With a POD in 1936 (annexation of Ethiopia)

It's possible to have by the 50's, WW2 over, and nazis defeated, :

A Greater Fascist Italy (with Corsica, Dalmatia... bonus points for Savoy, Nice, Italian parts of Switzerland, Malta)

An extended Italian Empire (that includes, other than Lybia and IEA, Tunisia, some other colonies, maybe even in far east Asia)

A fascist bloc: Spain, Portugal, Horty's Hungary, Bulgaria, Greece (annexed, puppet or allied), Yugoslavia (annexed, partitioned-puppet, allied)
Not as powerful as Comintern or the US, but still a serious player in the Cold War

To better explain this... that's a report of one of the most interesting HoI game ever, played with Italy

1936 I annex Ethiopia and Albania, and sign an alliance with Franco's Spain to help him during the war (France cancel a non-agg. pact with me)
1937 Alliance with Portugal
1938 Alliance with Hungary
1939 When Germany start to enter in France, I attack Yugo (i've tried to bring Greece in my alliance, but cannot join: isolationist), and so, Greece and Turkey DoW me)
1940 Yugo annexed and partitioned, to decrease belligerance, in Croatia (plus eastern part of Slovenia) and Serbia (plus Montenegro and Bosnia). Albania released (plus Kossovo) and Greece made puppet. Afther that i concluded a peace deal with Turkey gaining Istanbul (now Costantinople) and the western coast of anatolia

In the rest of the world, Japan subdued China(and created an alliance of puppet from it), Germany went as always, but, since there was no PH, USA stayed out of the war. So after Germans' Barbarossa's tide began to retire, and Soviets started to advance, i decided to attack the Axis (Germany, Slovakia and Romania) by attacking Vichy (that thus joined them)

Now some cheats :p

On Hoi you cannot join an alliance if you are the leader of another. So, seeming me plausible, I used the UK(leader of the Allies) to invite my alliance members into the Allies.
And for the same reason, i used Germany to invite Japan(and chinese) into the Axis

By the end of the war (in Europe), I've got:
Italy (with Corsica Tunisia and Djibouti taken from Vichy, Dalmatia and Lubiana from Yugoslavia), leader of the Fascist alliance with Hungary (Slovakia and Transylvania ann.) Bulgaria (Macedonia and Dobrudja ann.) Greece, Serbia, Croatia, Romania and Bohemia-Mor. puppets.

Germany has been annexed (by me!) and relased with 1938 borders.

Now I'm planning to annex Siam, take some part of DEI, and along with the Allies and the Comintern defeat Japan (US neutral)

How many of this timeline will be plausible in your opinion?!?
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