Faroe Islands a reaction to the growing self-government and independence movements, Denmark finally granted the Faroe Islands home-rule with a high degree of local autonomy on 30 March 1948. In 1973 the Faroe Islands declined to join Denmark in entering the European Economic Community (later absorbed into the European Union). The islands experienced considerable economic difficulties following the collapse of the fishing industry in the early 1990s, but have since made efforts to diversify the economy. Support for independence has grown and is the objective of the Republican Party. The Faroe Islands are an island group consisting of 18 major islands (and
Faroe Islands "sýslur" (similar to the British "shire": Norðoyar, Eysturoy, Streymoy, Vágar, Sandoy, and Suðuroy). Although today "sýsla" technically means "police district", the term is still commonly used to indicate a geographical region. In earlier times, each "sýsla" had its own assembly, the so-called "várting" ("spring assembly"). The Faroe Islands have been under Norwegian/Danish control since 1388. The 1814 Treaty of Kiel terminated the Danish-Norwegian union, and Norway came under the rule of the King of Sweden, while the Faroe Islands, Iceland, and Greenland remained Danish possessions. From ancient times the Faroe Islands had a parliament ("Løgting"), which was abolished in 1816,