It has become a fashion to invent new phrases and expressions, just to be different from the others. Often these attempts border on the irresponsible and have little or no relevance to ground realities. Here is the final word from the proverbial horse's mouth; please see link below -

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Note added at 4 hrs 10 mins (2004-08-25 06:53:24 GMT)
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Europe is a continent consisting of many countries. Some of these countries have joined together and formed the European Union. If ‘International” is intended to refer to Europe the continent, why not call it continental Europe, as it has always been called? On the other hand, if it is meant to refer to the EU, why not just accept what the concerned countries want to call themselves?

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Note added at 10 hrs 48 mins (2004-08-25 13:31:46 GMT)
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Stra & Elena have raised an interesting point about whether islands are parts of continents. We must remember that the world was one continent that gave birth to the present seven continents. My suggestion is: See below sea and you will find your answers!