Sigrún Davíðsdóttir's Icelog

Nobel’s peace prize to the EU – but when will it get the Nobel prize in economics?

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The world seems to divide in two as to whether it was a good idea to give the Nobel peace prize to the European Union. With the continent experiencing some hefty dispute right now when some countries are more indebted than others it could be said that now is not a good time. On the other hand, countries in Africa and South America are trying to create something like the European cooperation – and apart from political differences nothing binds countries as well together as trade and common interest.

An organisation that promotes these two issues on a continent where the countries, until 60 years ago, had always been at war has done something right. In the grande scheme of things. Yes, it’s quite right that Nato may have played a part in a peaceful Europe but in terms of binding the countries together in a web of common interests, the EU has definitely been instrumental.

Which doesn’t mean the EU deserves prizes in every matter. At a EU press conference in Brussels after the prize was announced a shrewd journalist posed this question: “When will the EU qualify for the Nobel prize for Economics?” – You can just imagine the laughter that ensued.

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Written by Sigrún Davídsdóttir

October 13th, 2012 at 11:04 am

Posted in Iceland

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