EU to give Nobel prize cash to war-impacted children
BRUSSELS (AFP) - The European Union (EU) will donate almost one million euros (S$1.56 million) that came with this year's Nobel Peace Prize to children affected by war and conflicts, officials said on Wednesday.
The Nobel Committee last month awarded the peace prize to the EU for bringing more than half a century of peace to a continent ripped apart by World War II. The decision was met with both praise and ridicule.
This year's award came with about 930,00 euros in prize money.
"The Nobel Peace Prize stands for reconciliation throughout the world. The prize money should benefit the first hope for the future, but also the first victims of present and past conflicts - children," EU Commission President Jose Manuel Barroso said in a statement.