WI: No German–Spanish Treaty

Japan takes them during the Spanish Civil War. Perhaps buying them from a Spanish Republic in need of money, or taking them by force in exchange for military aid to the nationalists.
 

LordKalvert

Banned
Russia might especially in conjunction with France. Spain sold to Germany mainly because the Kaiser had made the most noise about defending Spain (though he meant that others should take the lead) and because of the Hapsburg Queen regent.
 
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