Political risks eclipse Monte dei Paschi's turnaround progress

Rising political risk in Italy dented Monte dei Paschi di Siena's financial strength in the second quarter, casting a shadow over a nascent recovery at the country's fourth-largest bank.Italian banks, which hold 380 billion euros (£338.34 billion) of the country's government bonds, are paying the price of a spike in sovereign borrowing costs under a new anti-establishment government which markets fear could weaken Rome's public finances.State-owned Monte dei Paschi said its core capital ha