Estimates of the potential bill facing banks, which finance the resolution fund that bailed out Novo Banco in 2014, range from €2.9bn to €3.9bn. Some bankers are even doubtful that the rescued lender will attract any acceptable offers, leading to its possible break-up or liquidation. Source: FT
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Italian auction house Sant’Agostino said on Wednesday that bidders at its next sale will be able to settle up in Bitcoin, a world first according to the auctioneers. Early next week, around 600 Italian and foreign design objects, mostly pieces of furniture, will go under the hammer at Sant’Agostino and “Bitcoins will be accepted as payment”, the Turin auction house said in a statement. Source TheLocal
EU Council head Donald Tusk has said obligatory migrant quotas “have no future” amid efforts to mend fences with eastern European states. “I don’t see any special future for this project, but it’s important to find an understanding that does not separate Poland and other Visegrad group countries from the rest of Europe,” Tusk, said. Source: Euobserver
The European Commission pledged 118.5 million euros ($139.2 million) on Oct. 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. Source: Hurriyet Daily News