icesave heavily advertised in the UK and had a UK based operation. they were supposedly also beholden to the EU depositor protection scheme, if they weren't th

icesave heavily advertised in the UK and had a UK based operation. they were supposedly also beholden to the EU depositor protection scheme, if they weren't then most depositors wouldn't have touched icesave. on the eve of the crisis the Icelandic politicians told the UK that they would pay out to UK depositors, then after the UK had paid out they changed their mind. no one could have predicted that the day before the collapse the Icelandic parliament would withdraw their promise