Europe is the world's second-smallest continent by surface area, covering about 10,180,000 square kilometres (3,930,000 sq mi) or 2% of the Earth's surface and about 6.8% of its land area. Of Europe's approximately 50 states, Russia is the largest by both area and population, while the Vatican City is the smallest. Europe is the third most populous continent after Asia and Africa, with a population of 731 million or about 11% of the world's population; however, according to the United Nations (medium estimate), Europe's share may fall to about 7% in 2050.
Modern Western Europe is the birthplace of Western culture. European (particularly Western European) nations played a predominant role in global affairs from the 16th century onwards, especially after the beginning of colonialism. Between the 17th and 20th centuries, European nations controlled at various times the Americas, most of Africa, Australasia and large portions of Asia. Demographic changes and the two World Wars led to a decline in European dominance in world affairs by the mid-20th century as the United States and Soviet Union took prominence. During the Cold War Europe was divided along the Iron Curtain between NATO in the West and the Warsaw Pact in the East. European integration led to the formation of the Council of Europe and the European Union in Western Europe, both of which have been expanding eastward since the fall of the Soviet Union in 1991.
1991–2003: The rise of the EU
With the fall of communism in Eastern Europe in 1991 the Eastern states had to adapt to a free market system. There were varying degrees of success with Central European countries such as Poland, Hungary, and Slovenia adapting reasonably quickly, while eastern states like Ukraine and Russia taking far longer. Western Europe helped Eastern Europe by forming economic ties with them. After East and West Germany were reunited in 1990, the economy of West Germany struggled as it had to support and largely rebuild the infrastructure of East Germany. Yugoslavia lagged farthest behind as it was ravaged by war and in 2003 there were still many EU and NATO peacekeeping troops in Kosovo, the Republic of Macedonia, and Bosnia and Herzegovina, with only Slovenia making any real progress. By the millennium change, the EU dominated the economy of Europe comprising the five largest European economies of the time namely Germany, the United Kingdom, France, Italy, and Spain. In 1999 12 of the 15 members of the EU joined the Eurozone replacing their former national currencies by the common euro. The three who chose to remain outside the Eurozone were: the United Kingdom, Denmark, and Sweden.
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Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally divided from Asia to its east by the water divide of the Ural Mountains, the Ural River, the Caspian Sea, and by the Caucasus Mountains to the southeast.[1] Europe is washed upon to the north by the Arctic Ocean and other bodies of water, to the west by the Atlantic Ocean, to the south by the Mediterranean Sea, and to the southeast by the Black Sea and the waterways connecting it to the Mediterranean. Yet, the borders for Europe—a concept dating back to classical antiquity—are somewhat arbitrary, as the term continent can refer to a cultural and political distinction or a physiographic one. This article is primarily about the first two aspects, although it references Europe's geography.