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State of the European Union

AIR DATE: Wednesday, September 28, 2011
In his state of the European Union address, European Commission President Jose Manuel Barroso talked in depth about the eurozone financial crisis, outlining short and long term goals to promote growth and stability in the region. Some of those goals included taxing financial transactions and the ability to buy government bonds from the eurozone bailout fund. Greece was the latest country in the 17-member eurozone seeking a financial bailout package to avoid default. Ireland and Portugal also received bailout loans.
KEYWORDS: Foreign Affairs & Defense, Western Europe, European Union