European Union Awarded 2012 Nobel Peace Prize

The crisis-torn European Union (EU) has won 2012 Nobel Peace Prize on Oct. 12, 2012 for bringing more than half a century of peace to a continent ripped apart by World War II.

The EU and its predecessors "have over six decades contributed to peace and reconciliation, democracy and human rights," Nobel Committee president Thorbjoern Jagland said in Oslo.