A decent French-German balance and a decent German-Russian balance should be possible because the Germans only got access to a lot of resources after the fall of France. They looted France itself for a lot of resources and they got a lot of allies who provided more resources and troops. Germany was slow to put the squeeze on it's own population so these foreign economic contributions were important. I doubt that Germany would be able to coerce the Balkans or Sweden without it's victory over France and Italy wasn't interested in a real war with the French. And Germany needs to keep troops in the east while it's fighting France.
So two different balances are possible. Germany should be balanced properly against France alone, stronger but not too strong. Germany with access to allied resources and forces should be balanced against the Soviets.
So two different balances are possible. Germany should be balanced properly against France alone, stronger but not too strong. Germany with access to allied resources and forces should be balanced against the Soviets.