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The Soviets wanted, just like Germany and Italy, to aggressively revise the status quo, so with a peaceful Germany they'd still bully neighboring states. There are several possible outcomes to this. In the best case scenario Stalin is too aggressive and the Western powers are drawn into an alliance with Germany. In the worst case scenario they're aggressive enough to make Germany return to rearmament without the Western powers feeling threatened, and Germany is placed in something similar to its historical situation.
In any such scenario Stalin's time horizon for attacking other great powers
Tooze does mention Hitler felt himself encircled by the election of leftist governments in France and Spain.