American naval attaché at Rome, Italy reported on 26 April 1941 that Italian naval officers feared a German victory more than a British victory. They had however no choice than to join Germany.
Source
National Archives USA. Record Group 38: Records of the Office of the Chief of Naval Operations. Series: Secret Naval Attaches Reports. Estimate of potential military strength (pt.). Summaries. Reports from London, Paris, Brussels, Rome and Berlin. Roll M975-001.
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