Ignatius Donnelly was probably the first to suggest a linkage between Phaeacia and Atlantis. Jürgen Spanuth as well as Hennig and Kluge shared this view of Donnelly‘s, Based on Hennig’s work Spanuth listed 32 items of similarity between Phaeacia and Atlantis in his Atlantis – The Mystery Unravelled[017.143] and Atlantis of the North[015.218]. However, N. Zhirov remarked that an equally long list of discrepancies could also be compiled, leaving the question still open.
There is something of a consensus among scholars that Phaeacia is a reference to the Greek island of Corfu in the Adriatic. However, Hennig did not accept that Scheria could be identified with Corfu, instead he suggested that it was near the Atlantic in the vicinity of Cadiz in Spain.
Armin Wolf who has studied extensively the geography of Homer’s Odyssey concluded a paper(b) on the subject as follows – “Scheria, the country of
the Phaeacians, this ideal land described by Homer, was no
fantasy, but nothing else but Greater Greece, Magna Graecia.”
Roger Coghill is a more recent supporter of Scheria being another name for Atlantis, which he locates near Faro in Portugal. His views have been contrasted in the media(a) with those of Peter Daughtrey, who locates Atlantis not too far away in Silves.