Accretion also abounds as another mode of acquiring a territory under the traditional international law. Notably, accretion involves the effect of natural forces such as volcanism. For instance, in cases where natural activities such as volcanism takes place and volcanic islands emerge in a stateâs territorial waters, it would have the right to acquire territory.
1 Three modern Greek currencies, the first introduced in 1832 and the last replaced by the euro in 2001 (at the rate of 340.750 drachma to the euro).
The euro is the current Italian currency. Italy is a member of the European Union. Use of the euro isn't a requirement of EU membership. For example, Sweden is an EU member that doesn't use the euro. Italy is an example of an EU member that does.