US Side:

• Long Lead Time to get Projects Started
• Long lead time to obtain field instrumentation (2-3 years)
• Typical NSF funding rate 1 in 3, requiring many proposal resubmissions
• Difficult to Respond to Events of Opportunity (big eruption, etc.)
• Proposal review process insensitive to international agreements
• Current US Funding Practices tend to favor Big One-Shot Projects
• Short Term Projects Work against Substantive Collaboration
• Large Number of People Overwhelm Icelandic Contribution
• No Effective Method of Funding "Observatory" type research
• Importance of Data Collected just before Eruptions, Earthquakes, etc.
• No source of funding for non-US, hazard-related issues

Icelandic Side:

• Instrumentation very limited
• Most Instrumentation Must be Brought in From US
• Preference for Funding Projects in Iceland
• as contrasted to projects lead by Icelandic scientists abroad
• difficult to make collaboration a "two way street"