State of the Union Address 2011 by José Manuel Barroso, President of the EC: long version
José Manuel Barroso, President of the EC, delivered the State of the Union Address 2011 entitled "European Renewal" at the EP plenary session. The President stressed that there were solutions to the economic crisis, which he also presented. He outlined that the EC had adopted on the same day a proposal for the Financial Transaction Tax and added that also the banking sector would give contribution to the society.