Iceland seeks aid from ECB

Iceland jacked up its key interest rate to 18 percent and announced a request for help from the European Central Bank and the US Federal Reserve in twin moves on Tuesday to stave off national bankruptcy.
"Iceland's central bank sent a request to the ECB, the Fed and the Nordic banks on Friday," Icelandic Prime Minister Geir Haarde told reporters in Helsinki where Nordic leaders were meeting.
Haarde said Iceland had not yet received replies to its request.