With European Union as winner, is Nobel Peace prize losing sheen?

The European Union is not Europe; it is but a part of it. There are 50 countries in Europe of which only 27 have become part since 1951. The European Union is still growing (Croatia may join it in 2013) and therefore the idea of giving Peace Prize to an entity which exists more like a mutual understanding between 27 countries is hasty, to say the least.

Here is more:

http://www.newsyaps.com/with-european-union-as-winner-is-nobel-peace-prize-losing-sheen/2858/