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"As the debt crisis continues to loom in Greece, Spain and Portugal, the European Union is named as the winner of this year&amp;#039;s Nobel Peace Prize, announced today in Oslo, Norway. The Peace Prize was awarded on the basis of the union&amp;#039;s work in promoting democracy, reconciliation and peace in post-World War II Europe. This comes as the 27-nation union is in the midst of a deep economic struggle. Some countries are even considering dropping the euro as the future of the currency continues to plunge into financial instability.   The Nobel Committee is hardly ignoring the significance of the timing of the prestigious award. Thorbj\u00F8rn Jagland, the chairman of the panel, stated that the award is meant to remind all Europeans of their success with unification in the past as well as to warn them against the dangers of nationalism and extremism in times of struggle.  Ironically enough, the $1.2 million in prize money that comes with winning the Nobel Peace Prize will most likely not go toward bailing out the failing economies of Greece, Spain and Portugal-instead, it will probably be donated to charity.   Do you think the EU deserved to win the Nobel Peace Prize? Comment below! "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.womansday.com/life/news/a47445/struggling-european-union-wins-nobel-peace-prize/>