Sovereignty is the quality of having supreme, independent authority over a territory. It can be found in a power to rule and make law that rests on a political fact for which no purely legal explanation can be provided. The concept has been discussed, debated and questioned throughout history, from the time of the Romans through to the present day, although it has changed in its definition, concept, and application throughout, especially during the Age of Enlightenment The Age of Enlightenment is a term used to describe a time in Western philosophy and cultural life, centered upon the eighteenth century, in which reason was advocated as the primary source and legitimacy for authority. The current notion of state sovereignty was laid down in the Treaty of Westphalia (1648) BattlesPilsen – Lomnice – Sablat – Wisternitz – Humenné – White Mountain – Neu Titschein – Wiesloch – Wimpfen – Höchst – Fleurus – Stadtlohn – Breda – Cádiz – Dessau Bridge – Lutter am Barenberge – Stralsund – Wolgast – St. Kitts – Frankfurt – Magdeburg – Werben – 1st Breitenfeld – Rain – Alte, which, in relation to states A sovereign state, commonly simply referred to as a state, is a political association with effective internal and external sovereignty over a geographic area and population which is not dependent on, or subject to any other power or state. While in abstract terms a sovereign state can exist without being recognised by other sovereign states,, codified the basic principles of territorial integrity Territorial integrity is the principle under international law that nation-states should not attempt to promote secessionist movements or to promote border changes in other nation-states.[citation needed] Conversely it states that border changes imposed by force are acts of aggression, border inviolability, and supremacy of the state (rather than the Church). A sovereign is a supreme lawmaking authority.
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Reuters
"There is an inherent risk that investors may take fright, they may question the sustainability of these debt levels -- the result (would be) sovereign debt ...
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