This is a Panini Sticker Book. Panini is a fairly famous maker of stickers in Europe. This book called the "Official Sega Sticker Album" is from Germany, and was made in 1994. It mixes both German and english text for some reason (wouldn't this confuse people?) and promises a Mega Poster and Glitter Stickers. There were 180 stickers total and you had to buy packs, much like trading cards. With the open pages, you can see a simple scene. You are supposed to place the stickers (they seem like cards) onto the rectangles to help complete it. Below it are the stickers which really resemble the USA Topps Cards, but do not seem to mix stock art with their nice crisp screen shots. There's even Super Sonic! Clearly, they have a foil as well, which is likely what the 'glitter sticker' is. The backs of some can be put together to form the larger picture of Sonic too. This is a really interesting set to collect!
Photo by Scavenger4food
Photo by Scavenger4food
Panini company makes stickers that are sold all around Europe. This is a Panini sticker book "Sonic Official Sega Sticker Album". The cover says "180 All Action Stickers" and "Look out for mega pull out poster, 24 complete-the-scene vinyl stickers, 24 foil glitter stickers." What did the inside pages look like? How long is the 'book' ? This is likely a mid 1990s item, that you needed sticker packs to complete.
Photo discovered by Piplupfan77