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Published On: Sat, Oct 13th, 2012

European Union wins Nobel Peace Prize 2012

The European Union won the Nobel Peace Prize on Friday for promoting peace, democracy and human rights over six decades, a morale boost for the bloc as it struggles to resolve its economic crisis.

The award served as a reminder that the EU had largely brought peace to a continent that tore itself apart in two world wars in which tens of millions died.

The EU has transformed most of Europe “from a continent of wars to a continent of peace”, Nobel Committee Chairman Thorbjoern Jagland said in announcing the award in Oslo.

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