The Prussian leadership that dominated the North German Confederation never wanted to take Alsace-Lorraine in the treaty of Frankfurt, not wanting a permanent enemy in France. But the south german states demanded it, seeing it as a buffer against Paris's aggression. France, for their part was willing to offer Germany what they held in Indochina at the time (though Bismarck especially was wary of this offer as well for dislike of colonial ambitions). What if leaders in berlin were able to convince the southern states that taking Alsace would only draw french anger towards them, and thus wasn't in their interest?
How would this shape Europe? I have to imagine France would still be angry on principle, even if they didn't have as strong a pinpoint for their revaunchism, and this deal would actually sour British and german relations faster as Germany needs a powerful navy even more than otl. How would the 3rd republic handle their own imperial adventures in Africa and Asia? would they take a more active stance in the former to hold more than the Sahara and Gabon? Or would they redouble their efforts in asia, perhaps coercing the Philippines out of Spain and try harder to dominate Thailand?
How would this shape Europe? I have to imagine France would still be angry on principle, even if they didn't have as strong a pinpoint for their revaunchism, and this deal would actually sour British and german relations faster as Germany needs a powerful navy even more than otl. How would the 3rd republic handle their own imperial adventures in Africa and Asia? would they take a more active stance in the former to hold more than the Sahara and Gabon? Or would they redouble their efforts in asia, perhaps coercing the Philippines out of Spain and try harder to dominate Thailand?