Giovanni Tria turns 70 on Friday. Whether Italy’s finance minister gets to enjoy his celebrations will probably hinge on events the day before, when he will announce borrowing and spending targets with the potential to send tremors through financial markets and trigger the fury of Brussels.

Egyptian officials plan to launch Asian and European tours starting in the week after next to market international bonds, which will be offered when the time is right, Finance Minister Mohamed Maait said on Tuesday. Egypt plans to issue Eurobonds worth about $5 billion in the coming months, Reuters reported. “The week after next, we will start promotional tours in the Asian markets, then Europe in preparation for issuing Eurobonds bonds,” Maait said at a business event in Cairo.

Britain's largest private healthcare group, BMI Healthcare, is nearing a 2 billion pounds restructuring deal that could cut millions of pounds from its annual rent bill, a person familiar with the matter said on Tuesday, the International New York Times reported on a Reuters story. An announcement under which BMI's rent bill will be cut by about 60 million pounds is likely to be made imminently, the source told Reuters.

Cardboard box-maker Smurfit Kappa has decided to deconsolidate its troubled Venezuelan operations from its balance sheet, after losing control of the unit to the local government, which will result in the writedown of its €60 million of net assets, The Irish Times reported. The move comes a month after the Caracas government decided to seize Smurfit Kappa Carton de Venezuela (SKCV) for 90 days amid complaints about prices that the company was charging for its products in an alleged abuse of its dominant market position – at a time when the country is grappling with hyperinflation.

France’s budget deficit will temporarily increase again next year due to slowing growth and a changing tax regime, tightening president Emmanuel Macron’s room for manoeuvre as he pushes for European reforms, the Financial Times reported. In Mr Macron’s first budget since the country’s deficit finally fell below the European Union’s 3 per cent spending rules earlier this year, France said it would show a deficit of 2.8 per cent next year compared to 2.6 per cent this year.

Mario Draghi said that signals from Italy in recent months that it may flout EU budget rules have driven up borrowing costs for the country’s households and small businesses, in a warning shot as the government prepares its 2019 budget. Without directly criticising the Italian government, the European Central Bank president said that comments ministers had made on straying from previously agreed deficit targets “certainly did have an impact: households and companies are now paying higher rates than before as a result of the statement,” the Financial Times reported.

Euro zone finance ministers will discuss on Oct. 1 how they can get a precautionary loan from the euro zone bailout fund more easily, but are unlikely to take final decisions before agreeing on a whole package of euro zone reforms in December, the International New York Times reported on a Reuters story. The bailout fund, the European Stability Mechanism (ESM), now offers a Precautionary Conditioned Credit Line (PCCL) that is similar to a loan offered by the International Monetary Fund and can be granted to a euro zone country with a sound economy.

The British government will step in to bail out a 335 million pound new hospital in the city of Liverpool, after the collapse of Carillion, which was overseeing the deal, Sky News reported on Monday. An announcement by ministers on the termination of the Royal Liverpool Hospital private finance initiative deal and taking it into full public ownership is expected to be made within days, Sky said.

One of Portugal’s wealthiest people, Paula Amorim, and Vangard Properties have presented a joint bid for part of the oceanside Comporta estate, the country’s largest privately-owned property. Comporta was the Espirito Santo family’s largest real estate holding. It is now held by liquidators following the 2014 collapse of the family business and the bank founded by them, Banco Espirito Santo, Reuters reported. The property, which stretches over a 1,300 hectare area of coastline south of the city of Setubal, includes plots for villas, golf courses and comes with licenses to construct hotels.

Germany’s powerhouse manufacturing sector extended its slowdown into September, early data showed on Friday, but its service sector bucked the trend with growth remaining robust, the Financial Times reported. The flash manufacturing purchasing manager’s index for the eurozone’s largest economy fell to a 25-month low to 53.7 according to IHS Markit, which compiles the data. That was a dramatic fall in the pace of growth reported by executives from the previous month, when the index stood at 55.9. Analysts polled by Thomson Reuters had only expected a very slight drop to 55.7.