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The 2012 Nobel peace prize has been awarded to the European Union, with the Norwegian committee ignoring the current economic crisis and instead praising the EU's decades-long historical role in promoting reconciliation and peace.
Speaking in Oslo, Thorbjørn Jagland, head of the Nobel committee, shrugged off the euro's woes and said the EU had been a force for peace both after the second world war, binding Germany and France together, and following the bloody slaughter of the 1990s in the Balkans.
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The prize money will help out the bailout fund a bit. Also the Daily Fail and Express are seething!