Well, Germany already had Luxembourg under occupation. Not sure how a victory would alter things.Assuming the Nazis defeat the Soviets in the field and starve the British out, Fascism would have held despotic sway over all of continental Europe. My question is, what would happen to Switzerland and the small European states such as Luxembourg, San Marino or Andorra in such a scenario?
San Marino was never annexed by Fascist Italy. It did have a homegrown fascist government, OTOH.Annexed
There was talk of a kind of "Nazi EU" being formed in the wake of a Germany victory. If Switzerland and the microstates are not outright annexed or forced in whatever way to come to terms, whatever continental organization the Reich develops will ensnare them.
At a minimum.Which will probably be similar to the Warsaw Pact in terms of the degree that Berlin will be calling the shots over the other states included in the organization.