BUSINESS
11/13/2008 05:12 am ET | Updated May 25, 2011

Iceland Looks For Overseas Help In Dire Financial Crisis

REYKJAVIK (Reuters) - Iceland looked for help from new partners on Monday to dig it out of a crisis that has overwhelmed its once-flourishing financial sector.

A central bank and finance ministry delegation left for Russia to begin talks on an emergency loan worth potentially billions of euros, a central bank staffer said.

Ministers said the north Atlantic island nation should now consider joining the European Union to safeguard the economy -- a step that in the past has been blocked by the country's influential fishing sector.

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