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Like the title says, what would happen if Switzerland decided to expand, into the territory it claimed, rather then simply fight as mercenaries or stay vaguely neutral?

What if Switzerland had claims on most of the alps, and enforced their claims, as well as taking enough territory from a coastal/island area (Sardinia, maybe?) that it is able to colonize?

Where would the Swiss colonize, and if there was a strong sentiment to stay neutral in European affairs after this expansion, how would it accomplish this?
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