Stalin Note

What might the Cold War have looked like if the 1952 Stalin Note had been accepted, and Germany was unite 40 years early? Is it at all possible for the west to have accepted it? From my understanding, the West was afraid that a demilitarized, united "neutral" Germany would rapidly be pulled into the Soviet sphere. But I think that could be avoided, especially since free elections in Germany would probably lead to a more pro-Western government. Not that Stalin would allow completely free elections, but...
 
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