Regarding the events for peace with France in case of a failed 1940 campaign for them. Britain chose a moderate policy, and in the following French Surrender event, whilst it did raise claims very nicely, all provinces occupied by the respective country (in this case Belgium, Germany and Britain) all stuck with the respective occupier, making it hard to work out a proper peace as Germany (especially as I cannot demand land off of Belgium with the diplomatic interaction as it is "against our policy" which I understand as a hard set limit). Italy was taken out before France but after France capitulated there was no "Fate of Italy" decision like there was for France or Albania.
German policy towards Italy has also gotten me thinking about Austrian claims, the way Germany interacts with it and the Anschluss. And as you have indicated that older content is due for a update I might as well think about this for a minute. Currently, there are two ways for Anschluss, that being a occupation of Hitlerist Austria following the Liberec Riots and the Sudentencrisis or democratic Austria joining through a pleibesite. The way the pleibesite works is fine, my main issue is with the occupation, as it is the occupation of a hostile state which has the same issue as the point I previously made about Poland, that Germany retains the totality of the Austrian armed forces. On top of some round about 9 to 12 divisions Germany also recieves 200 mp form the "Formation of Reichsland Austria." In case of a occupation Anschluss I would propose that the Austrian military is deleted and upon the formation of the Reichsland recieves 3 infantry or mountaineer divisions and a HQ like the OHL Hauptquartier Ost in Königsbers or OHL Hauptquartier West in Frankfurt.
In regards to Germany's interaction with Austrian claims. Austria is much more revanchist in TBL than it was in real life. It continues to claim South Tyrol but also a route to the sea through Slovenia and the old Austrian Littoral. Germany inherits these claims upon Anschluss. Now, Germany is a much less militaristic/revanchist power than Austria, but I doubt she wouldn't use it. Tyrolean claims could go three ways. Either Germany recognizes the fact that these lands were designated to her old WWI ally (no cores), she could press claims on the majority German parts (core on the northern province) or press claims on the whole (core plus a claim on the southern province). The Littoral is a bit more interesting, as Slovenia was, through German victory in WWI, also a state constructed by their support. Germany can either keep the land with her old WWI ally, or keep Triest Italian whilst signing the other two provinces away to Slovenia and Croatia who join the Allies in return. However, if Germany maintains the goal of a Mediteranean port, it can chose two options, either the one where it again signs away the two provinces to Croatia and Slovenia but keeps a hold of Triest itself, or, if it desires a more directly controlled route to the sea, it can keep Pola as its naval base and offer Triest and Capodistria to Slovenia in return for it becoming a German puppet.
On a smaller sidenote, it might be interesting to also let German decide the post war fate of Corsica, Nice and Chambery in case of a 1940 victory