You are using an out of date browser. It may not display this or other websites correctly. You should upgrade or use an alternative browser.
alternatehistory.com
During the Luxembourg Crisis, Napoleon III proposed exchanging Luxembourg for Belgian Territory. Leopold II said no.
What if France had offered not only Luxembourg but also Cochinchina (which they offered to Prussia in 1870, thus it would likely have been deemed expendable) and French Guiana?
In exchange, France gains Hainaut, Namur, Ypres, and Nieuwpoort.