IMF warns on European banks' vulnerability

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The International Monetary Fund is warning the euro zone debt crisis has left the region's banks vulnerable and they will need to urgently raise around 300 billion euros in fresh capital to cover potential losses. In its Global Financial Stability Report, the IMF said this is a worldwide problem but European banks are particularly weak and as many as 15 lenders could fail. ... http://www.euronews.net/

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