The peace prize and its discontents

The Nobel Peace Prize reminds me of Golda Meir’s scathing comment in 1978 that a couple of Oscars would have been more suitable for Egypt President Anwar Sadat and Israel Prime Minister Menachem Begin. Nevertheless, the prize can serve a purpose. The award that European Union ( EU) representatives received earlier this week was astutely timed to distract attention from squabbles over subsidies for Greece and Spain, Ireland’s problems, euro-zone uncertainties, British euro-scepticism, and misgivings about German economic power.

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