WI Germany makes peace with France in 1941?

Inspired by the Britain timeline I was wondering how Germany signing a true peace treaty with France would change the war.

IOTL Petain and most French were eager for a peace treaty but Germany delayed until the end of the war, if Germany makes peace with France how does this effect Britian's war effort and France in the post war order?

For terms I was thinking something like a whole France vichy, so France is neutral and unoccupied, but is allowed to only maintain only police forces until Britain makes peace. There is a German garrison on the Atlantic coast, but it doesn't exercise civil authority outside of a narrow "defensive zone." The captured French troops are disarmed and returned. Germany takes French gold reserves and rail cars and annex Alsace-Lorriane and Italy annexes Tunisia.

First is this something the French would realistically accept and second what would the consequences of such a treaty be?
 
the French strung out delivery of Belgian gold reserves until 1942, not sure if that could have been sped up?

also the Atlantic u-boat pens were begun in spring '41, are you speculating those are still built? as the Germans would want to control the (major) ports where they are located?
 
Wouldn't a major risk be that Britain could simply declare war on and invade a neutral France to strike at Germany if it wishes? If it doesn't have a standing army it makes it easy prey to Britain if it wishes - and if French revanchism against Germany is high enough then complementing an invasion with a British-sponsored coup would simply put the entire country back into the Allied fold. In this context it makes far more sense for a standing occupation in order to protect the coasts and mitigate the likelihood of such a scenario.
 
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