The conferring of Nobel Peace Prize to European Union is really a commendable job by the Nobel Trust and this will go a long way in encouraging other regional cooperation and trading blocs to act for sustaining the peace and prosperity in the world.
Deserving for Nobel
Peace Prize
The war torn small countries of Europe have
recovered and enjoyed a sustained growth and prosperity under the ambit of European
Union which stated as a regional economic cooperation and now it is a full-fledged
economic and political bloc having unified currency system and improved economic
interactions. The competitive advantage that euro-zone enjoy need to be
sustained further as there as still some of the weaker economies of the Union which
find difficult to maintain the pace of economic growth. This year we saw how
European Union took a judicious stand to assist Turkey in overcoming the heavy
debt burden. The coordinated policy decisions of the member states has borne
fruit and the Union is bound to return back to its earlier growth trajectory. European
Union proved to be worthy of the Nobel Peace Prize for promoting peace,
democracy and human rights over six decades and this award can be seen as a
morale boosting for the European Union in the struggles to resolve the economic
and political crises of the Europe. The EU's historical role as a builder of
peace and promoter of democratic institution is remarkable. The union's
existence is under challenge from the financial crisis and this prize will give
them a valid reason for sustaining and strengthening their efforts for the development
and maintenance of the peace.
Shashikant Nishant Sharma