In a somewhat surprising move, the Norwegian Nobel Committee awarded its peace prize for 2012 to the European Union, according to The New York Times.
Despite a crisis stemming from fiscal instability among several of the 27-member nations, the committee said it was nevertheless recognizing the E.U.’s role in building peace and reconciliation.
“The stabilizing part played by the E.U. has helped to transform most of Europe from a continent of war to a continent of peace,” said Thorbjorn Jagland, the chairman of the panel that awarded the prize, citing the union’s role in Germany and France, post-World War II.
Norway is not a member of the European Union.