What if Austria-Hungary completed a 28-knot Ersatz Monarch before the Italian fast battleships?
Short answerIt would accelerate the same global speed race, with Britain trying to overtake it and Italy reacting especially strongly.
NotesBritain's determination to be first means an Austro-Hungarian breakthrough would trigger an immediate British effort to overtake it. Italy would then face an especially direct Adriatic and Mediterranean challenge, making its own fast-battleship program still more urgent.