"Iceland was harder hit than most countries by the economic crisis. Already the state funding of all seven universities has been cut while the number of students is growing. ... A nation of 320,000 probably does not need more than two institutions of higher education, including one research-based university. ... It was not very sensible to establish so many different universities."
Ingjaldur Hannibalsson, professor vid Háskóli Íslands, i University World News om nedskärningarna inom och förväntade sammanslagningar mellan isländska universitet och högskolor.