Click above for high-res gallery of the European Grand Prix

There are many grands prix in Europe, but there is only one European Grand Pix. Although the title was originally awarded as a badge of prestige to one race on the continent each year, over the last quarter century the name has allowed a second round in the Formula One World Championship to be held in a country that already hosts a race under its own name. With the 2008 Spanish Grand Prix already behind us, this year's European Grand Prix was held at the new street course in Valencia, Spain.