European Union wins $1.2 million

$1.2 million will be awarded along with the prize when it is presented in Oslo in December 10.

If this was divided between the 497,481,657 people of the European Union, everyone would get 0.0024 cents each, or 0.0015p.

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EU receives Nobel Peace Prize

The European Union has received the Nobel Peace Prize in honour of its peace-keeping since World War Two at a ceremony in Norway. David Cameron was not be among the European leaders who attended the ceremony.