EU President Barroso is set to unveil bank recapitalization plans before Parliament. Watch live...

|By:, SA News Editor

EU President Barroso is set to unveil bank recapitalization plans before Parliament. Watch live here. European shares are skying to new highs for the session as he is about to begin. Stoxx 50 +2.3%. The euro is flying as well, +1.1% to $1.3784 after flirting with $1.30 just one week ago.