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Italy's Intesa in talks to sell 10 billion euros in impaired loans: source
Italy’s biggest retail bank, Intesa Sanpaolo, is in talks to sell about 10 billion euros ($11 billion) in unlikely-to-pay property loans to a unit of U.S. fund Davidson Kempner, a source familiar with the matter said on Thursday.
Bulgaria blocks transfers worth millions of euros from Venezuela oil firm
Bulgarian authorities say they have blocked money transfers out of a number of bank accounts that have received millions of euros from the Venezuelan state-owned oil and natural gas company, PDVSA, as the sanctions-hit South American country is struggling with an unprecedented political crisis.
Italy needs to cut 2.5-3b euros to clear 2019 budget with EU
The European Commission has asked Italy for a further 2.5 billion euros-3 billion euros ($3.40 billion) in savings before approving the country’s 2019 budget, Corriere della Sera daily reported on Tuesday.
EU plans to do all oil transactions with other states in euros: Iran
The European Union is going to ditch the US dollar and use its own currency in oil contracts worth 300 billion euros, an Iranian official said, quoting a European commissioner.
EU vows 118mn euros to safeguard cities
The European Commission pledged 118.5 million euros on Wednesday (October 18) to help Europe's cities guard against attacks and outlined how EU countries could do more to curb the sale of bomb-making materials.
Iran tells India to pay for oil ‘only in euros’
Iran says it wants India to pay outstanding oil dues in euros, stressing that it needs the euros to pay the installments for the loans it has received for its infrastructure projects.

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