More European banks could fail before the financial crisis ends
More European banks "may fail" as doubts persist about the viability of their business models, the International Monetary Fund has warned.
Private funding is "virtually unavailable" and banks will have to rely on public intervention, asset sales and consolidation, it said.
The six-monthly study also warns that eurozone economic growth will almost grind to a halt next year.
Growth in the 15 euro countries will fall to just 0.2% in 2009, it forecast.
