Austria-Hungary. Heavy indemnity from Russia.
New Poland and Ukraine Empire personally united to A-H. North half of Serbia. South 1/2 to Bulgaria. Guarantees to be given to Germanic minority by Slavs. West Galicia to Poland. East Galicia to Ukraine Empire. German to be Reichsprache?
The Neutrals. Luxemburg to win G. Statehood (too weak to control B. Luxemburg).
Holland. Avoid pressure politically. Not to receive Flemish Belgium. These need strict masters.
Italy, if neutral, Corsica, Lower Savoy, Nizzia, Tunis.
Rumania: Bessarabia (Odessa, if she joins G. in war).
Bulgaria: South 1/2 of Serbia (more if she joins G. in war).
Turkey, if enters war, heavy indemnity and land in Caucasus. Integrity guarantees by G. and A-H: spheres of influence economically.
Sweden may get Finland if both willing.