The Greek 50-cent coin has a portrait of Eleftherios Venizelos. In 1910, he founded a progressive political party (Liberal Party) which won a majority at elections held in the same year. Following this victory, Venizelos was elected prime minister. He is generally regarded as the founder of the modern Greek state. Many streets and squares in Greece are named after him.
Euro coins and banknotes were introduced on 1 January 2002 in twelve countries. Today, the euro area has grown to include 18 countries. Euro coins feature a common design on one side. Also, the national side (reverse) of every coin includes a ring of 12 stars from the European Union flag. Each country has its own design for the national side of its coins.