Tag Archives: Eurozone periphery

A prize for the European Union but will it ever be at peace with itself?

In a sense, there can be no faulting the Norwegian Nobel Committee’s decision to award the European Union the 2012 Peace Prize. Its current economic turmoil aside, the EU has been a remarkable example of political integration that has advanced the idea of common interest in a region bedeviled by war.

“The union and its forerunners have for over six decades contributed to the advancement of peace and reconciliation, democracy and human rights in Europe,” the committee said in its statement. Many people for whom uncertainty and fear had become the norm were able to enjoy stability and prosperity thanks to the principle promoted by the EU, not just as an institution but as an idea, through which a united vision of the future could be shared.

There have of course been some notable exceptions. The EU’s stance during the collapse of former Yugoslavia, for instance, has created a bloody stain that time will struggle to remove. Nevertheless, if viewed as a lifetime achievement award, the EU will perhaps justifiably feel that it deserves the peace prize. The question, though, is does the accolade also signify that the EU is nearing the end of its lifetime?

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