#1 European Union wins Nobel Peace Prize10-12-2012, 08:43 PM
European Union wins Nobel Peace Prize despite year of anti-austerity protests
Despite a year marred by violent protests against austerity and the looming prospect of an acrimonious break up, the European Union was controversially awarded the Nobel peace prize for fostering stability and unity.
The shock decision by the Norwegian prize jury was greeted with disbelief and derision, but also with some relief by supporters of the European project.
Reminding the world of the EU's role in preventing conflict on the continent over the last 60 years, the committee's citation praised the union's "advancement of peace and reconciliation, democracy and human rights".
"The work of the EU represents the 'fraternity of nations'," it said, referring to its expansion to 27 members.
However, the citation acknowledged how problems with the euro have ravaged southern European economies and plunged Europe into its worst recession for 80 years.
Stupid is as stupid does.
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