Monte dei Paschi misses EU targets after 2019 loss
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MILAN (Reuters) - Monte dei Paschi di Siena failed to meet European Union profit goals for 2019 agreed under the Italian bank's bailout terms after reporting a 1.2 billion euro ($1.3 bln) fourth-quarter loss on Friday due to tax changes.Italy rescued the world's oldest bank in 2017 to stop it from buckling under a pile of bad loans after years of mismanagement.But the government must re-privatise Monte dei Paschi by the end of next year and the Treasury has been discussing a plan with the EU..