She has developed a certain antagonism to France by her Morocco policy, and may, therefore, become eventually a factor in German policy.

The petty States, on the contrary, form no independent centres of gravity, but may, in event of war, prove to possess a by no means negligible importance: the small Balkan States for Austria and Turkey; Denmark, Holland, Belgium, and Switzerland, and eventually Sweden, for Germany.
Switzerland and Belgium count as neutral.

The former was declared neutral at the Congress of Vienna on November 20, 1815, under the collective guarantee [C] of the signatory Powers; Belgium, in the Treaties of London of November 15,1831, and of April 19,1839, on the part of the five Great Powers, the Netherlands, and Belgium itself.
[Footnote C: By a collective guarantee is understood the _duty_ of the contracting Powers to take steps to protect this neutrality when all agree that it is menaced.

Each individual Power has the _right_ to interfere if it considers the neutrality menaced.] If we look at these conditions as a whole, it appears that on the continent of Europe the power of the Central European Triple Alliance and that of the States united against it by alliance and agreement balance each other, provided that Italy belongs to the league.

If we take into calculation the imponderabilia, whose weight can only be guessed at, the scale is inclined slightly in favour of the Triple Alliance.