The plates actually run thru Iceland so it is situated both in North America (on the east side) and Europe on the west.
See image at:
http://www.cartage.org.lb/en/themes/Sciences/Earthscience/Geology/Earth/StoryPlateTectonics/PlateTectonics/Understanding/DivergentFig16.gif
Eyjafjallajökull is located in Iceland. It is a glacier-capped stratovolcano situated in the southern part of the country.
Hekla volcano is located in Iceland, which is situated in Europe.
Asia.
Europe
Europe
Europe
Africa.
its pangia
europe
The Faeroe Islands are situated above Great Britain, about 320 kilometres from mainland Scotland, and about halfway between Iceland and Norway.
Australia..
Africa