European Council President Herman Van Rompuy, center, reads a self composed haiku, next to European Commission President Jose Manuel Barroso, left, and European Parliament President Martin Schulz, during the Nobel Peace Prize media conference, at the Nobel institute in Oslo, Norway, on Sunday, Dec. 9, 2012.
OSLO, Norway (AP) — European leaders are in Norway to collect the 2012 Nobel Peace Prize, awarded to the European Union for fostering peace on a continent ravaged by war.
Nobel committee chairman Thorbjoern Jagland will present the prize, worth $1.2 million, at a ceremony in Oslo City Hall later Monday. Some 20 European government leaders are to attend the ceremonies and an evening banquet.
[PHOTOS: Nobel Prize Winners 2012]
This year's prize comes against a backdrop of protests as the EU grapples with its worst financial crisis, which is causing deep tensions within the union, soaring unemployment and requiring massive austerity measures.
Nobel laureates in medicine, chemistry, physics and literature will be feted at similar ceremonies in the Swedish capital, Stockholm. The ceremonies are always held on the anniversary of award founder Alfred Nobel's death in 1896.
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