Greenland the European Common Market in 1972, Denmark began to seek a different status for Greenland, resulting in the Home Rule Act of 1979. This gave Greenland limited autonomy with its own legislature taking control of some internal policies, while the Parliament of Denmark maintained full control of external policies, security, and natural resources. The law came into effect on 1 May 1979. The Queen of Denmark, Margrethe II, remains Greenland's Head of state. In 1985, Greenland left the European Economic Community (EEC) upon achieving self-rule, as it did not agree with the EEC's commercial fishing regulations and an EEC ban
Greenland–European Union relations EU. There was hope that the Icelandic negotiations on EU membership 2011–2013 could create an exception to the policy but the negotiations never got that far. "Gigantic Arctic possibilities" refers to natural resources such as mining. There is a very large iron deposit, Isua Iron Mine. Greenland can not finance the large cost of developing it and does not have such experience, so it has contracted a foreign company, which did not start to develop it because of low iron prices. Greenland is eligible for EU funding. Between 2007 and 2013, the EU allocated approximately €190 million, and between 2014