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).
As from reference month July 2015, the Bank of Greece implements a significant change to its balance of payments compilation methodology, using ELSTATâs trade statistics instead of the settlements data used until June 2015 inclusive.