JOANNA KAKISSIS, BYLINE: And I'm Joanna Kakissis in Athens. Five young single friends are sharing a single bottle of Heineken on a weathered park bench in a neighborhood of anarchists and bohemians. They're peering into a bar to see the widescreen TV playing the latest Euro championship game. This is where they'll be watching the game between Greece and the other country, the big bossy one who's loaned Greece billions and forced it to cut spending. George Tagaris is putting his money on the bossy guys.
The eurozone will take a short break from its financial crisis to enjoy a sporting event. The soccer teams of Germany and Greece meet Friday in the quarter finals of the Euro 2012 championship in Gdansk, Poland. Germany's coach doesn't think political tensions will have an impact on the field.
NPR's business news starts with a budget deal in California.
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INSKEEP: This deal comes just days before the start of the new fiscal year. It cuts social programs and it would knock three weeks off of Californian's school year unless voters approve a proposal for new taxes.
Capital Public Radio's Ben Adler reports from Sacramento.
BEN ADLER, BYLINE: The Democrats running this year's California budget process say they have one overarching goal: to bring years of festering shortfalls to an end.
Jerry Sandusky's trial on child sexual abuse charges is in the jury's hands. As they consider the 48 counts filed against the former Penn State assistant football coach, new allegations have emerged. Sandusky's adopted son now says he's also a victim.
And with no primary opponent to worry about, President Obama's campaign had nearly a full year's head start for fundraising over Republican challenger Mitt Romney. But as NPR's S.V. Date reports, the president's advantage is rapidly disappearing.
Later this summer, Republicans will gather in Tampa, Fla., for their presidential nominating convention; Democrats will then do the same in Charlotte, N.C. Each party gets more than $18 million in public funds this year to help pay for the gatherings.
The money comes from that $3 box that taxpayers can check on their federal tax returns. But this could be the last time party conventions get taxpayer funding.
Fifteen major banks were downgraded Thursday in a reflection of the slowing global economy and volatility in financial markets. In a sweeping move, Moody's cut the credit ratings of some of the world's largest financial institutions, including Bank of America, Goldman Sachs and Citigroup.
It's MORNING EDITION, from NPR News. Good morning. I'm Steve Inskeep.
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And I'm Renee Montagne.
When President Obama addresses a large gathering of Latino politicians later today in Florida, he's likely to get a warm reception. Just last week, Mr. Obama announced that hundreds of thousands of young illegal immigrants who came to this country as children can stay in the U.S. - at least temporarily.
Product safety regulators announced the recall Thursday after hundreds of people reported explosions in their toilet tanks. The faulty flushing system is made by the brand Flushmate — specifically the Flushmate Three Pressure-Assist Flushing System. It's used by several toilet manufacturers including American Standard and Crane.