Monte dei Paschi misses EU restructuring goals after 2019 loss

MILAN (Reuters) - Monte dei Paschi di Siena on Friday said it had failed to meet 2019 profit goals agreed with the European Union under the Italian bank's bailout terms after reporting a 1.2 billion euro (1.02 billion pounds) fourth-quarter loss due to tax changes.As a result, the state-owned bank will have to reduce operating costs by an extra 100 million euros by the end of next year to comply with the restructuring plan Italy negotiated with the EU to get approval for the bank's 2017..