Alan Kohler is one of Australia’s most experienced commentators and journalists. Alan is the founder of Eureka Report, Australia’s most successful investment newsletter, and Business Spectator, a 24-hour free business news and commentary website. He also hosts Inside Business, a half-hour Sunday programme on the ABC, is the finance presenter on the ABC News - and producer of the nightly graph (or two).

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Comments on this article
Comments PolicyThanks! That was inspired (The EU deserved its peace prize – and more, October 18).
Nice satire but there really isn't a Nobel prize in Economics.
It is actually the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
Nobel had more sense than to fund a prize for a discipline built largely on patently false assumptions that couldn't predict the major financial cataclysm of our times (The EU deserved its peace prize – and more, October 18).
Funny article but after thinking about the announcement I didn't think it so bad (The EU deserved its peace prize – and more, October 18). The EU can claim some responsibility in maintaining the peace between member states during its existence (as compared to modern European history in the years prior to its creation). There was little they could realistically do to have impact in Rwanda, after all. Big Helmut might deserve a gong himself, as you suggest.
I disagree with only one point in this exhaustive critique of the Nobel organisation - there is no chance of there being any cash left over if the lawyers are engaged (The EU deserved its peace prize – and more, October 18).
Oliver, a Swiftian masterpiece,I almost feel sorry for the Lilliputians in Bruxelles (The EU deserved its peace prize – and more, October 18).
Great write-up. Full marks Oliver (The EU deserved its peace prize – and more, October 18).
Nobel Peace Prize for Europe?..... That's a bit like giving the school arsonist a merit award for not burning down the school this year (The EU deserved its peace prize – and more, October 18).
Where and when has a Nobel Peace Prize ever been won and it was NOT a contentious issue for at least some people? (The EU deserved its peace prize – and more, October 18.)
Europe's 70 years of peace has nothing to do with the EU (The EU deserved its peace prize – and more, October 18). The main reason is that France and Germany's citizens have lost the stomach for war or have the money to wage one...every other European nation can barely raise a parade ground army
Ha, good thing it wasn't judged on ecnomics, the freeloaders would have got the wooden spoon (The EU deserved its peace prize – and more, October 18).
And as for them finding a way of spending it, easy peasy, they will give themselves pay rise just because they won it.
I would love to be able to put into words what i really think of them and not to mention the freelaoders in Brussels
A peaceprize is awarded for contributing towards the maintenance of peace which is exactly was has happened since
world war 2 and 1, apart from
the Yougo-slavia problem. Of course the European unity with all its problems deserves this prize as the results prove (The EU deserved its peace prize – and more, October 18). We the old generation, wiser people remember the horror of war and the delight of its absence.The narrow minded ,uninformed, quasi intellectuals who constantly criticize Europe and its ongoing achievements are envious of not being part of the European journey towards progress.
Long may Europe, the source of modern civilisation, prosper
Dirk Keizer.
Sorry Oliver, but when they handed out the Nobel Peace Prize to an American President just for getting elected, this particular Nobel really became wheaties packet stuff (The EU deserved its peace prize – and more, October 18). Perhaps when the EU is dead and buried with the euro it will be as revered as Arafat's?
Who said Germans don't have a sense of humour! :) Nice work, Oliver (The EU deserved its peace prize – and more, October 18).
You are kidding right. Germany and Europe are the laughing stock of the entire world. It is obvious to all. They have had 5 years to fix up their mess. They have been bungling along make one stupid decision after another. They are inept and incompetent and out of their depth. What a comedy of errors. Please give the world a break. The sooner they all go down the drain, the better (The EU deserved its peace prize – and more, October 18).