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I think both of you are correct. Just dumping links for the record:

https://en.wikipedia.org/wiki/M%C3%BDrdalsj%C3%B6kull is the glacier. "Mýrdalsjökull is an exceedingly wet location, with models suggesting it receives more than 10 metres of precipitation annually"

Here is 30 yr avg annual precipitation (1970-2000) from the Icelandic Meteorological Office http://www.vedur.is/vedur/vedurfar/kort/medalurkoma_a/ (Katla is under the deep blue southernmost area).

The caldera has pronounce subsidence, as seen at https://en.wikipedia.org/wiki/Katla_(volcano)#/media/File:Ey...

For a bonus, about halfway down this has a picture of the glacier after a minor eruption: https://volcano.si.edu/volcano.cfm?vn=372030



From being in Iceland for a few days, it appears to be an "exceedingly wet location" in general. Magnificent waterfalls are one effect.




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