A Nobel for the EU to steady things even as the crisis is not yet averted:
We see already now an increase of extremism and nationalistic attitudes,” said Thorbjorn Jagland, the former Norwegian prime minister who is chairman of the panel awarding the prize, in an interview after announcing the award. “There is a real danger that Europe will start disintegrating. Therefore, we should focus again on the fundamental aims of the organization.”
Yet on the very day that the award was announced in Oslo, leading European policy makers again publicly bickered over how to deal with Greece’s bailout. Germany’s finance minister, Wolfgang Schäuble, rejected calls from the French head of the International Monetary Fund, Christine Lagarde, to give Greece more time to make additional spending cuts to rein in deficits.
Alex Massie asks if this award has lost its meaning? Isn’t the crisis still unresolved? Gareth Harding offers a retort, noting that its the right award, but just at the wrong time. The EU’s contribution to peace and security is meaningful in the long run; right now conflicts over the economic and political agreements signed in Maastricht in 1992 are boiling over.