Yesterday, 50,000 Greeks took to the streets in Athens to protest debt reduction measures meant to keep the country from, once again, defaulting. But, conditions in Spain could prove to worse an already dire situation.

A roundup of this morning’s must-read budget and economic stories.

The European Union will face their own “cliff” in September as U.S. lawmakers battle to prevent the fiscal cliff at home. This European cliff has nothing to do with scheduled sequestration and tax increases, but it is a similar perfect storm.

As Greece comes under scrutiny by regulators and Spain shows signs of cracking under bond market pressure, it may take more than a little faith from the ECB to keep the euro intact.

Protests erupted in Spain this week as Spanish Prime Minister Mariano Rajoy announced during a six-hour session of parliament a significant shift in fiscal policy.

Greeks took their fate into their own hands this weekend affirming their support of further fiscal discipline and their desire to remain a part of the euro zone.

A roundup of this morning’s must-read budget and economic stories.

A roundup of this morning’s must-read budget and economic stories.

A roundup of this morning’s must-read budget and economic stories.

A roundup of this morning’s must-read budget and economic stories.