Although ultimately a victor in World Wars I and II, France suffered extensive losses in its empire, wealth, manpower, and rank as a dominant nation-state. Nevertheless, France today is one of the most modern countries in the world and is a leader among European nations. Since 1958, it has constructed a presidential democracy resistant to the instabilities experienced in earlier parliamentary democracies. In recent years, its reconciliation and cooperation with Germany have proved central to the economic integration of Europe, including the introduction of a common exchange currency, the euro, in January 1999. At present, France is at the forefront of efforts to develop the EU's military capabilities to supplement progress toward an EU foreign policy.Administrative divisions: 26 regions (regions, singular - region); Alsace, Aquitaine, Auvergne, Basse-Normandie (Lower Normandy), Bourgogne, Bretagne (Brittany), Centre, Champagne-Ardenne, Corse (Corsica), Franche-Comte, Guadeloupe, Guyane (French Guiana), Haute-Normandie (Upper Normandy), Ile-de-France, Languedoc-Roussillon, Limousin, Lorraine, Martinique, Reunion, Midi-Pyrenees, Nord-Pas-de-Calais, Pays de la Loire, Picardie, Poitou-Charentes, Provence-Alpes-Cote d'Azur, Rhone-Alpes note: France is divided into 22 metropolitan regions (including the "territorial collectivity" of Corse or Corsica) and 4 overseas regions (including French Guiana, Guadeloupe, Martinique, and Reunion) and is subdivided into 96 metropolitan departments and 4 overseas departments (which are the same as the overseas regions).Dependent areas: Bassas da India, Clipperton Island, Europa Island, French Polynesia, French Southern and Antarctic Lands, Glorioso Islands, Juan de Nova Island, Mayotte, New Caledonia, Tromelin Island, Wallis and Futuna note: the US does not recognize claims to Antarctica; New Caledonia has been considered a "sui generis" collectivity of France since 1999, a unique status falling between that of an independent country and a French overseas department.https://www.cia.gov/library/publications /the-world-factbook/geos/fr.html

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