brief summary of current european situation.
Great britain: Currently fighting 2 wars which is against germany and france. Unfavorable position against germany. Unless there is some intervention gb is likely to defeated against germany even without french assistance to germany.
France: It seems they are fighting in the 3 fronts, but in truth they have one active front which is italian. Already weakened france will be no match against italians.
Germany: As i have mentioned earlier germany has advantages against gb. Only threat for them is russian intervention.
Austria: Balkan wars tide turned against them, but they are still recognizable force. While italy and germany is busy, their current worry is war against russian and ottomans. They hope for split between russian and ottomans.
Italy: With iberian peninsula is within their reach and doesn't have threat around their border makes italy the most powerful kingdom. They can choose their enemy carefully, because they have time. After france, if they play carefully i think they can be the winner with current situation.
Russia: War against austria is going well with the help ottomans who were once their hatred enemies. The russia has too many distractions and whichever direction they goes it's likely to make new enemies and new fronts that will be impossible to manage.
Ottomans: They were losing war against russia, because of austrian intervention. But now is the situation changed, they believe in their power. After austria they have many choices, including war against russia. But i would like to advise them not to do because meantime italy will be unstoppable.