Friday, October 12, 2012

News: European Union Wins 2012 Nobel Peace Prize

The Norwegian Nobel Committee awarded its 2012 peace prize on Friday to the 27-nation European Union, saying it had contributed to the advancement of peace and reconciliation across the continent.

With the bloc confronting the worst financial crisis in its history over the single euro currency, the award surprised some people who recalled the deep strains between Germany and other European nations over Berlin’s insistence on austerity measures that have brought pain to many, particularly in Greece. Thousands of protesters turned out in Athens earlier this week to demonstrate against a visit by Chancellor Angela Merkel of Germany.

But Thorbjørn Jagland, the chairman of the panel awarding the prize, said it was a signal from the committee concerning reconciliation in Europe and a message to the continent to carry on such work, focusing on the union’s historical role binding France and Germany together after World War II.

The peace prize climaxes a week in which Nobel institutions have awarded prizes in science and literature that rank among the world’s most coveted emblems of excellence. The prize for economics is to be awarded on Monday.

Read More:
http://www.nytimes.com/2012/10/13/world/nobel-peace-prize.html?emc=na
 -The New York Times
Friday, October 12, 2012 - 5:29 AM EDT

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