So you mean total victory?
Britain would have given up in September 1916 according to David Dimbleby if the US hadn't entered the war in early 1916. The British were tapped out. Interesting timeline, the British making a seperate peace even before Brest Litovsk. No Lenin in Russia.
France is going to collapse, second defeat in a war against Germany, already politically unstable after 1871 (weren't there a few coup attempts), and a particularly strong socialist movement.
Germany sets puppets in Belgium, Poland, Lithuania, Latvia, Estonia, Ukraine, etc. and shifts the balance of power decisively in his favour. Also sets up a DMZ zone in France, and demands French colonies perhaps.
What would be a suitable punishment for traitor Italy? Venice for Austria?
Germany might be able to dismantle France in the same way it was at Versailles but under no circumstance will they enforce such terms on Britain. France would have this abandoned complex and would probably be very revanchist.
Germany sets puppets in Belgium, Poland, Lithuania, Latvia, Estonia, Ukraine, etc. and shifts the balance of power decisively in his favour.
Britain would have given up in September 1916 according to David Dimbleby if the US hadn't entered the war in early 1916. The British were tapped out. Interesting timeline, the British making a seperate peace even before Brest Litovsk. No Lenin in Russia.
Britain has the option of withdrawing the huge BEF from France and concentrating on global empire knowing Germany cannot do anything about it under wartime conditions.
As for CP victory, Germany becomes the 3rd superpower alongside the USA and Russia/USSR.
In such a TL, it would be highly unlikely the USSR ever reaches superpower status and perhaps not America anyway. Sorry, all you pro- Americans on this board.