Posted: Nov 14, 2012 6:57 AM by Associated Press
BRUSSELS (AP) - The European Union, the 2012 winner of the Nobel Peace Prize, has decided to spend its 8 million kronor ($1.2 million) reward on projects helping children in war and conflict zones.
The EU won the prize in recognition of its efforts to keep the peace on a continent long riven by fighting.
The European Commission on Wednesday agreed to administer the prize money on behalf of the EU. Commission President Jose Manuel Barroso said that because the award represents reconciliation, the funds "should benefit the first hope for the future, but also the first victims of present and past conflicts: children."
The Nobel Peace Prize, which also includes a medal and certificate, will be awarded at a ceremony in Oslo on Dec. 10.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at firstname.lastname@example.org, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Watch Daybreak Web Videos in full
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties