European Union's Nobel peace prize win greeted with joy and derision — guardian.co.uk

Applause and derision greeted the news that the European Union had won the 2012 Nobel peace prize, with British Eurosceptics dismissing the award as a "farce" and EU leaders rapturously welcoming a boost to the bloc's sagging self-esteem. The Nobel committee in Oslo chose to ignore the multiple crises threatening the EU. Instead, it took the longer and bigger view, praising the EU's historical role in promoting reconciliation and peace, and warning its collapse would see an ominous return to "extremism and nationalism".

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