From 231 valid nominations including 43 for organizations, the five-member Norwegian Committee awarded the 27-nation European Union with its 2012 Nobel Peace Prize on Friday, October 12, 2012. The EU, despite being struggling with economic crisis won the peace prize for its decades-long role in bringing peace and reconciliation in Europe.
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The World Financial Forum came to an end with much emphasis on Tunisia, as a Tunisian delegation arrived in to Davos on Friday evening to keep a series of conferences along with authorities from the G-20 and key corporate leaders.