A mic to fit my XM2
 

I've been looking for a decent mic for my XM2 for a long time now, my budget is around 100 €, I was planning on buying a RODE videomic (mono).

Until I saw this http://www.fotokonijnenberg.be/produ..._product=33349
its a JVC MZ-V8 stereo mic, for less than 100 euro (on other sites its at least 150)

But I wonder, will this work on my Canon XM2, and doesn't it need any batteries for power, like all the other mics without XLR's?
or does anyone have other suggestions? (buying an XLR adap is not an option)

thanks!,

Jurgen