Nobel Committee on Friday, 12th of October, 2012 awarded the world renowned help system, European Union with the 2012 Nobel peace Prize for its grand and undeniable efforts in helping to promote peace, democracy and human rights over the last six decades.

Even though a larger percentage of the world’s population congratulates the union for such a stupendous win, most inhabitants of Madrid, Athens and the Greek Capital are aggressively bitter about the decision. At a time when the bloc is battling critical economic difficulties and political turbulence, rather than appreciate the motives of the committee, the protestors perceive the move as insensitive.

The committee might just have decided to overlook the troubles facing the EU and concentrate on its historic, landmark achievements recorded over the years including rebuilding Europe from the devastation of World War II and contributing in ensuring stability after the fall of the Berlin Wall in 1989. The committee also made it clear that population includes members of non-EU Norway so it wasn’t trying to show favoritism to the union in any way as against supposed popular opinion.

Here’s the video
[youtube http://www.youtube.com/watch?v=pOQqBZul1J4&w=640&h=360]
Although the award prized  $1.2 million dollars – to be presented in Oslo on December – will be unable to solve the bloc’s intense problems but the presentation of the award might have been intended for encouraging the Union towards continual positive performance.

Norway’s anti European Union membership programme leader, Heming Olaussen doesn’t hesitate to express his displeasure on the Committee’s decision. “I find this absurd’, he utters, bitterly, unable to fully conceal his emotions. Norway had earlier voted against joining the EU twice (in 1972 and 1994), the country still survived without the Union’s input due to partial dependence on its oil and gas resources. Francisco Gonzalez, a native of Madrid and businessman also airs similar views. “I don’t see the logic in the EU getting this prize right now. They can’t even agree amongst themselves”.

The EU however has taken steps to bail its economies out of the current crisis it’s under-going but its plans have halted as approval from the 27 member nations in the Union has to be granted first. Could Gonzalez be right when he said the Union could not agree amongst themselves? Are these eminent signs that the EU which has served nations of the world and brought about revolutionary change is sinking? Can’t something be done to help. Even though I sincerely doubt it, I fear that the Union might eventually be reduced to a sober, disintegrated version of itself.

The European union is a a project created to unite the population of the world peacefully, creating room for diverse cultural backgrounds to operate in harmony. Could the Union be losing its grip on the ones its expected to protect? The root of the crisis, as affirmed  by commentator and Financial Times journalist, Martin Wolf can be traceable to growing trade imbalances.

For a Union this powerful, it would be grossly affect the world’s economy if it were to go down. The EU has not only been beneficial to states and countries in Europe but across the world. Just in June, 2012, the Union completed the second phase of its contribution of water supply worth #16 billion in the EU core states: Kano, Anambra, Osun Cross River, Yobe, and Jigawa.

The Union’s noble intentions have been met with global economic upheaval, ups and down and threatening conditions caused by uncertain economic meltdown. The EU at the moment isn’t out of the woods yet but its economic domicile lies at an influential point making it not less than impossible to join forces with third parties to revive its glory days.

 

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