Originally Posted by
Dromikaites
In 1848 pretty much every ethnic group within the empire backed the Hapsburg against the Hungarian Revolutionary Government.
The leaders of those groups were aware that their nations were too small to keep their independence against Prussia, Russia or the Ottomans. They hoped that in return for their support the Hapsburg would give them equal political rights. In their view that was the best solution - a "federation of equals" with a Hapsburg on the throne, large enough to fend off Prussia, Russia or the Ottomans.
Franz-Ferdinand wanted to do exactly that (or so he said repeatedly). If he would have delivered, it is less certain most of the nationalities of the empire would still have wanted to be independent, and thus to become easy picks for Russia or Germany.
We can easily consider the options those nationalities had inside a reformed Austrian empire:
1) Without WW1, one third of Poland would be part of Germany, with the German Poles having no political rights. Another third of Poland would be part of Russia, with the Russian Poles in a similar if not worse situation than the German Poles. The Austrian Poles would have had their own local parliament, their own local government while some Poles would sit in the imperial parliament and in the imperial cabinet. Quite hard to believe they would have traded it for what Germany or Russia had to offer;
2) As a result of the reforms the Croats would have been happy to be extracted from the Hungarian rule and allowed to have their own parliament, government and share in the imperial structures of power. Would they want to trade that for the risk of being annexed by the politically unstable Serbia (2 kings killed, 2 kings abdicated, several coups and political assassinations in 70 years)? Or for the risk of being annexed by Italy?
3) Same for the Muslim Bosniaks. The Ottoman Empire would have been far from their borders, so they would have had to choose among several alternatives: be annexed by the Orthodox Serbia, be annexed by Catholic Italy or have their own kingdom within the Austrian Empire, just like everybody else. What o you think they would have chosen?
4) The Transylvanian Romanians and the Serbs from Voivodina were the only nations which could get united to two already existing countries. However if they were to get their own kingdoms within the Austrian empire, a lot of local politicians and businessmen would have been against joining two much less developed states. If anything, those politicians would have pushed for annexing Serbia and Romania, as a means of achieving the national unity inside the empire.
Without the First World War starting in 1914 it is quite likely the Serbs would have ended up into the Austrian orbit again since their economic development was completely dependent on good relations with that empire while Russia could help them with nothing in terms of trade.
Romania was already in the Austrian orbit, being member of the Triple Alliance and having on the throne a member of the German imperial family. Her economy also depended a lot on trading with Austria.
Just like nowadays Romania was "gobbled up" by the EU while Serbia will go the same way in a few years, it is quite likely both countries would have had hard time resisting a smaller version of the EU - the reformed empire of Franz-Ferdinand.