Lichtenstein Blocking Czech Membership in European Economic Area

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, České noviný 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.

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