Playing a tiny minor is not easy in the long run, trust me. You have to take a lot of loans and bankruptcy is a real danger. Inflation runs rampant and your research will suffer in the early years.
You can fight successful wars early on, but since most of your territory is annexed you will have revolts flaring everywhere in every prolonged (more than 3 years or so) war. Nations you have conquered might very well declare independence again.
Furthermore, your lack of historic generals will prevent you from fighting rebellions effectively since the rebel mob is, in a word, better than your crack troops.
In the later stages of the game, you will be toast if a strong alliance (say, Russia-Austria or Spain-Austria) attacks you or if you happen to get the 'civil war' event.
(Unless you reload, of course.)
/Doomie
You can fight successful wars early on, but since most of your territory is annexed you will have revolts flaring everywhere in every prolonged (more than 3 years or so) war. Nations you have conquered might very well declare independence again.
Furthermore, your lack of historic generals will prevent you from fighting rebellions effectively since the rebel mob is, in a word, better than your crack troops.
In the later stages of the game, you will be toast if a strong alliance (say, Russia-Austria or Spain-Austria) attacks you or if you happen to get the 'civil war' event.
(Unless you reload, of course.)
/Doomie