The European Peninsula is a large landmass located in the continent of Europe. It is composed of four distinct regions: Crimea, the BALKAN Peninsula, IBERIA, and Italy. Crimea is a peninsula located in the Black Sea region of Eastern Europe. The BALKAN Peninsula is located in southeastern Europe and is home to several countries, including Bulgaria, Greece, and Serbia. IBERIA is a peninsula located in southwestern Europe and is home to Spain and Portugal. Italy is a peninsula located in the Mediterranean Sea and is home to the country of Italy.