EU Sees Nobel Peace Prize as Spur to Overcome Debt Crisis

European Union leaders accepted the Nobel Peace Prize with a pledge to master the economic crisis that threatens to set back the six-decade quest for a more united continent.

Almost 14 years after the euro’s arrival and nine years after the EU expanded to the ex-communist east of Europe, the rhetoric reflected the diminished ambitions of a bloc that once claimed to be a model for how the world should operate.