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Next, the Faroe Islands, with a population around 54,000, represent another intriguing candidate for independence. These rugged volcanic islands, located between Iceland and Norway, possess a unique cultural identity steeped in Norse heritage. Their flag, featuring a Nordic Cross, signifies a connection to the other Nordic nations. Like Greenland, the Faroe Islands have a strong reliance on fishing for their economy, which accounts for over 90% of their exports.