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Although he complained about having to deal with the monarchy such as when Hitler visited the country (and Hitler, who was adamantly opposed to monarchy, warned Mussolini that the Royal Family was against him and that the monarchy should be abolished at the first available opportunity), the Duce always seemed willing to make use of the monarchy as a dynastic tool for the advancement of Italian interests. When the so-called Austro-fascists sounded him out about the possibility of restoring the House of Hapsburg he made no objection and even spoke of another Hapsburg-Savoy dynastic alliance to cement the ties between Italy and Austria. During the Italian intervention he also proposed Prince Amadeus, Duke of Aosta, as a potential Spanish monarch (as his ancestor had briefly been). The King disliked this idea and, no doubt to his relief, Franco turned it down.

The question here is what would the result of that Habsburg-Savoy rapprochement have been? Would that have pitted Italy-Austria against Hitler? Or would Hitler (who hated any and all forms of monarchy) have simply invaded and annexed Austria anyway?

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