Prince Bismarck observes that the question is whether or not the powers are agreed to recognize the independence of Roumania … Europe alone has the power to sanction independence. She has then to ask herself under what conditions she will adopt that important decision.1 From time to time it happens that a group of great Powers, or a large number of States both great and small, assume a power to create by a multilateral treaty some new international regime or status, which soon acquires a degree of acceptance and durability extending beyond the limits of the actual...
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