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I was seeing a map in the map thread which made me think, what could fascist Austria realistic have done.

Here I got the idea that Italy and Yugoslavia end up in war with each others, and Austria join on the Italian side (together with other opportunists (Hungary and Bulgaria), as their part of the reward they get most of Slovenia. From there they make the same agreement with Italy about the South Tyrolean German population as Hitler did (relocation). But here the deal is not ignored because of WWII, instead they're resettled in Austrian Slovenia.

Madness maybe, but I think taking a Slovenia from the Yugoslavian corpse following a successful Italian war with it, would be the most likely expansion of a fascist Austria, and a fascist Austria would likely do it best to Germanise such a area.
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