Panarea (Euonymus in Greek) is the second smallest (after Basiluzzo) of the eight Aeolian Islands, a volcanic island chain north of Sicily. It is a frazione of the comune of Lipari. There are currently about 280 residents living on the island year-round; however the population increases dramatically in summer with the influx of tourists. In recent years, the island has become known internationally for its celebrity visitors.

Panarea (Euonymus in Greek) is the second smallest (after Basiluzzo) of the eight Aeolian Islands, a volcanic island chain north of Sicily. It is a frazione of the comune of Lipari. There are currently about 280 residents living on the island year-round; however the population increases dramatically in summer with the influx of tourists. In recent years, the island has become known internationally for its celebrity visitors.