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The designs of the one- and two-euro coins were intended to show the European Union (EU) as a whole with the then-15 countries more closely joined together than on the 10 to 50-cent coins (the 1-cent to 5-cent coins showed the EU as one, though intending to show its place in the world).
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The €2 coin is the coin subject to legal-tender The coin dates from 2002, when euro coins and notes were introduced in the 12-member eurozone and its related territories.
The common side was designed by Luc Luycx, a Belgian artist who won a Europe-wide competition to design the new coins.
This map showed Europe, not just the EU, as one continuous landmass; however, Cyprus was moved west as the map cut off after the Bosphorus (which was seen as excluding Turkey for political reasons).
The redesign in 2007, rather than in 2004, was due to the fact that 2007 saw the first enlargement of the eurozone: the entry of Slovenia.