Hey guys,
I checked the datasheet for the Weller WE1010 and it is supposed to conform to EN 60335-1: 2012-10.
I don't have the exact standard at the office, but the old version from 2007 instead of 2012,
but the changes should only be minor.
I only have it in German, so I'll translate the basic bits:
19 Improper Operation
19.1 ...
Electronic circuits need to be designed and operated in a way, that a single failure of the device doesn't make it unsafe in terms of electric shock, fire hazard, machanical hazard or dangerous malfunction.
Note 2: Fuses, temperature cutoffs, overcurrent-limiter or equivalent may be used to provide this safety. The safety mechanisms of building installation do not provide the required safety.
So in my opinion this seems illegal, at least according to EU regulation.
It may as well be, that it is allowed in the US and they have a built in fuse for EU units.