Faroe Islands and the European Union were to join the EU as is, they might vanish inside the EU, sharing this with the situation of the Shetland Islands and Åland today, and wants the local government to solve the political situation between the Faroes and Denmark first. A major concern is also fishing, which accounts for 90 percent of Faroese exports. As such a large part of their economy, the islands do not want decisions on it being made so far away as they would have so little say in the EU due to their small population. Faroe Islands and the European Union The Faroe Islands,
Nykøbing Falster Hat" in Danish) is in existence today. From 1970 to 2006, Nykøbing was the administrative seat of the former county of Storstrøm. On 1 January 2007, the former Nykøbing Falster municipality merged with Nysted, Nørre Alslev, Sakskøbing, Stubbekøbing, and Sydfalster municipalities to form Guldborgsund municipality. This "Kommunalreformen" ("The Municipality Reform" of 2007) created a municipality with an area of and a total population of 63,533 (2005) and will belong to the new Region Sjælland ("Zealand Region"). The former Nykøbing Falster municipality covered an area of with a total population of 25,483 (2005). The city has a few noteworthy buildings, including