General Information
In the last decade, the Faroe Islands have mainly been mentioned in the international press in connection with three circumstances: the severe economic crisis in the early 1990s, the subsequent political development towards increased home rule or full sovereignty and, finally, the incipient oil exploration.
The Relationship with Denmark
In the 1998 election, Sambandsflokkurin (The Union Party), which supports a close connection with Denmark, lost seats, while the secession party Tjóðveldisflokkurin (The Republicans) was very successful. This resulted in the creation of a coalition, which initiated a political process with the declared aim of achieving full sovereignty.
In spring 2000, the Landsstýri (home government) and the Danish government entered into negotiations concerning the Faroese proposal of a treaty which would involve sovereignty within a loose commonwealth of the Faroe Islands and Denmark, including joint monarchy, monetary union and collaboration in various other areas. In October 2000, the negotiations reached a deadlock and in spring 2001, it remains uncertain how the relationship between the Faroe Islands and Denmark will develop in the future.
Faroe Islands Tourism