Unwanted parts of European newspaper hoarded by enthusiasts (9)

'unwanted parts' is the definition.
'leftovers' can be an answer for 'parts' (leftover is a kind of part). I am unsure of the 'unwanted' bit.

'european newspaper hoarded by enthusiasts' is the wordplay.
'european' becomes 'E' (abbreviation e.g. EU).
'newspaper' becomes 'FT' (Financial Times newspaper).
'hoarded by' means one lot of letters goes inside another (hoard can mean to hold onto).
'enthusiasts' becomes 'lovers' (I can't justify this - if you can you should give a lot more credence to this answer).
'e'+'ft'='eft'
'eft' inserted within 'lovers' is 'LEFTOVERS'.

'of' acts as a link.

Can you help me to learn more?