I think it is more fun to kick ass in a war of revenge when the b***ards start on you, than it is to go round picking off the poor weaklings methodically and purely for power and profit. There is never a shortage of'ing minors declaring war on you anyhow.
Whichever faction you choose, in the end you can only turtle if you have already conquered a sizeable area. It's all about advancing technology in the end. You can only do that if you can build plenty of universities. You can only do that if you conquer some territory. Long term your best bet is to avoid Eastern Europe. Any faction here will get no peace until all others have gone. The Western Powers GB, France and Spain can stay out of continental European politics to some extent and build empires in America or India. But you don't get anything in this 'world' without fighting for it.
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