th Greece joining in 1981 and Spain
and Portugal in 1986. The 1992 Treaty of Maastricht laid the basis
for further forms of cooperation in foreign and defense policy, in
judicial and internal affairs, and in the creation of an economic
and monetary union - including a common currency. This further
integration created the European Union (EU). In 1995, Austria,
Finland, and Sweden joined the EU, raising the membership total to
15.
A new currency, the euro, was launched in world money markets on 1
January 1999; it became the unit of exchange for all of the EU
states except the United Kingdom, Sweden, and Denmark. In 2002,
citizens of the 12 euro-area countries began using the euro
banknotes and coins. Ten new countries joined the EU in 2004 -
Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania,
Malta, Poland, Slovakia, and Slovenia - and in 2007 Bulgaria and
Romania joined, bringing the current membership to 27. In order to
ensure that the EU can continue to function efficiently with an
expanded membership, the Treaty of Nice (in force as of 1 February
2003) set forth rules streamlining the size and procedures of EU
institutions. An effort to establish an EU constitution, begun in
October 2004, failed to attain unanimous ratification. A new effort,
undertaken in June 2007, calls for the creation of an
Intergovernmental Conference to form a political agreement, known as
the Reform Treaty, which is to serve as a constitution. Unlike the
constitution, however, the Reform Treaty would amend existing
treaties rather than replace them.

Falkland Islands (Islas Malvinas)
Although first sighted by an
English navigator in 1592, the first landing (English) did not occur
until almost a century later in 1690, and the first settlement
(French) was not established until 1764. The colony was turned over
to Spain two years later and the islands have since been the subject
of a territorial dispute, first between Britain and Spain, then
between Britain and Argentina. The UK asserted its claim to the
islands by establishing a naval garrison there in 1833. Argentina
invaded the islands on 2 April 1982. The British responded with an
expeditionary force that landed seven weeks later and after fierce
fighting forced an Argentine surrender on 14 June 1982.

Faroe Islands
The population of the Faroe Islands is largely
descended from Viking settlers who arr