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
History of the Faroe Islands suggested that the people living there might have been from Ireland, Scotland or Scandinavia, with possibly groups from all three areas settling there. There is a Latin account of a voyage made by Saint Brendan, an Irish monastic saint who lived around 484–578, there is a description of "insulae" (islands) resembling the Faroe Islands. This association, however, is far from conclusive in its description. The earliest text which has been claimed to be a description of the Faroe Islands was written by an Irish monk in the Frankish Kingdom named Dicuil, who, around 825, described certain islands in the north