The phenomenon of ductile failure of Newtonian and viscoelastic fluid filaments without surface tension is studied by a 2D finite element method and by ID non-linear analysis. The viscoelastic fluids are described by single integral constitutive equations. The main conclusions are: (1) Newtonian fluid filaments do not exhibit ductile failure without surface tension; (2) some viscoelastic fluids form stable filaments while other fluids exhibit ductile failure as a result of an elastic instability; (3) for large Deborah numbers, the Considere condition may be used to predict the Hencky strain of the elastic instability.