EU Wins Nobel Peace Prize, Urged to Secure Its Achievements
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The European Union was awarded the Nobel Peace Prize, providing a feel-good moment for the economically distressed bloc at a time when its post-national vision is losing traction at home and abroad.
The accolade comes as the financial crisis threatens the EU’s signal achievement, the euro, and the rise of powers such as China, India and Brazil challenges the European model of rules-based cooperation with nation-states handing sovereign rights to a central authority.