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Here's something I've been thinking about - in the event that Italy joins the Central Powers, for whatever reason, instead of the Entente, and manages to snag, say, Nice and Savoy and perhaps Tunisia in the peace agreement, would the nation still see a rise of Far Right Nationalism? Now, obviously, due to butterflies, I do not expect to see the Fascistas in their OTL form, or Benito Mussolini rise to power. I'm just wondering because, in the event of this scenario, Germany has smashed France by late 1914, brought Russia to the table without inciting a revolution, and is the clear winner.

There's no red menace, Italy has managed to fulfil some of their irridentist claims to France; personally I don't think the conditions are right for a nationalist party to arise. I mean, theoretically, we could see Italy clamouring now for their claims on Austro-Hungarian territory. Didn't the Central Powers make some promises to Italy in the same way the Entente did?

I don't see them getting Albania just yet; the southern Balkans are within Vienna's sphere of influence, and it's likely that neither Vienna nor Rome wants to see the other dominating the Adriatic Coast too much.
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