European Union wins Nobel Peace Prize

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

With the body wrestling with the most severe financial crisis in its history over the single euro currency, the award surprised some people.

The announcement came against a global backdrop of conflict, with civil war in Syria threatening to spill across the region, the Afghanistan war grinding into a second decade and earlier hopes of a new era of tranquillity in the Middle East largely abandoned.

Source: NY Times