Lichtenstein has refused to sign an agreement enlarging the European Economic Area by the 10 accession countries, saying it has a long-standing dispute with the Czech Republic and Slovakia over property owned by the Lichtenstein family.
Analysts say the move shouldn’t hurt the Czechs’ situation, ČeskÃ© novinÃ½ reports. The EEA is for countries who are not part of the European Economic Union, namely Lichtenstein, Iceland and Norway. These countries make up 0.5% of Czech exports.
Somehow, I doubt that a war between Lichtenstein and the Czech Republic is in the cards. That’d be like watching your Chihuahua take on some babička’s Yorkshire Terrier.