''Total victory' for Iceland over UK in saga of Icesave depositors ' "European court rules that Nordic nation does not have to compensate Britain for bailout. The court's judges said that the deposit protection directive "aims expressly to preclude an excessive shifting to the state of the costs arising from a major banking failure". Since the Landsbanki debacle, the rules governing cross-border banking in Europe have been modified. EU member states are today required to guarantee deposits of up to â¬100,000 (£85,000) for each saver." http://www.independent.co.uk/news/b...uk-in-saga-of-icesave-depositors-8470714.html