Residents of the welfare state system discover there’s no such thing as private property in post-bailout Europe.
Kofi Annan and the UN won one in 2001. Jimmy Carter won one in 2002. El Baradei won one in 2005. Al Gore won one in 2007. Obama won one shortly after taking office. Now it’s been awarded to the European Union. And it’s a good thing too because the EU is running low on funds and could use the prize money.