What will be wrong with AAAE: 1940?

@The-Janus indeed hurting the luftwaffe is a plus but not if it costs you way too much. Keeping your fighters with UK and alive in the Med then they can go to moscow fast.

Notes on the Europe 1940 2nd rules, mainly highlights of the most important rules as they appear in the rulebook along with some additional comments and explanations and some helpful tables:
Europe 1940 2nd - Setup Charts:
https://www.dropbox.com/s/m8t34moclkiy0ai/Setup Charts for A%26A E40 SE.pdf?dl=0
Europe 1940 2nd - Basic Rules Guide:
https://www.dropbox.com/s/nkmtfl3tblfhyd5/Important Notes for A%26A E40 SE.pdf?dl=0
Some pages as a sample of these Notes below:

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See also the posts for Pacific and Global 1940 SE versions:
https://www.axisandallies.org/forums/post/1623789
and
https://www.axisandallies.org/forums/post/1630786

I use OOB rules.
I bought this game in November and play one on one against my usual A&A opponent.
We’ve played seven games so far and the axis have won four…allies three. So we think it’s pretty balanced…the only thing we don’t like is the starting IPC’s for Italy. You can’t buy sh*t with that and they lose half of their starting fleet before it’s their turn.
But since the axis have won four out of seven it hasn’t really affected the overall outcome.

Hi, so today I was playing the OOB version of Axis and allies europe 1940 and obviusly ( indeed, a lot of people already said this ) is very un-balanced, so now I decided to change to ALPHA 2, but I have a question, what is the setup, NO’s and turn order for europe theatre only?

I don’t think Germany and Japan are tied together politically, meaning you can still do a J1 and only the allies will be at war with Japan, not Germany. Personally I’m worried about Italy, something tells me that they will be able to just own Africa and the Middle East without much trouble, making them very rich and powerful. It is definitely going to take a concerted effort by the UK and US to slow Italy’s march down. Japan will not be as powerful as everyone thinks, remember the US will be getting an infusion of cash from the European theater, and Russia starts the game off making more money than Germany. That means Russia can afford to send more troops Eastward at the start of the game, and Japan while having a large air force and navy, is lacking in ground forces. Something tells me that Russia can be a real thorn in Japan’s side if it wants to.

Well hopefully Japan can keep US from doing as it wants in Europe.