Greek gov't handouts threaten agreed fiscal targets, EU Commission says

Greek tax cuts and bonuses for pensioners announced last month pose a risk to fiscal targets agreed with eurozone lenders, the European Commission said on Wednesday in a blow to the Greek government ahead of elections next month.
Commission Vice President Valdis Dombrovskis told a news conference that Greece was among the countries that had undertaken most reforms in the past five years, leading to growth of employment and of consumer demand.
"However, the reform momentum has slowed in recent months," he said.
Greece, which required three international bailouts between 2010 and 2015 to stave off bankruptcy, emerged last August from economic adjustment programs overseen by its lenders.
Athens last month introduced tax cuts and pension payouts, partially unwinding some of the austerity measures mandated under the bailouts just ahead of municipal and European...