This transcript is automatically generated
Nobel Peace Prize committee has done began picking another controversy a winner this year none other than -- European Union.
Now despite the debt crisis that EU took home the price for quote.
Fostering peace and democracy joining me now John Browne senior economic consultant for Euro Pacific Capital easily its European Union does not deserve the award.
And rich Benjamin -- most senior fellow healed but he has the opposing view I'm Richard gonna start with you wanna read this rationale.
That the Nobel Prize committee day.
They say the European Union and its forerunners tapper over six decades contributed to the advancement of peace and reconciliation.
Democracy and human rights in Europe.
Why do you think.
They chose the EU for this time.
-- I believe wholesale that explanation you gave me and you know you and I -- young but when you look back -- years.
Europe has only had the Balkans war.
Meanwhile the mideast has -- -- raided Africa -- -- warmly Europe has been safe and peaceful.
Over these last seventy years and we have to admit the choice is a little aspiration all their.
Actually expressing an aspiration that the European Union -- more.
-- enough to have.
Well I mean -- -- about pieces total -- the pace was insured by NATO.
And in particular the American -- -- and particularly combined with the United Kingdom mom which made him.
-- decision -- -- today complex for a potential aggressor -- democracy is concerned.
The European Union is anti democratic.
It has an elected parliaments.
But it gives -- -- pot.
It has have ruled ruled or not -- but ruled by appointed bureaucrats.
Even the Jun one.
Constitutional court has highlighted this would -- -- democratic.
I'm as far as that'd or any leaders of these countries giving away this -- -- -- The big paying countries notably Germany and second -- Britain have never given that people a referendum.
And human rights it stifles human rights it stifles free speech.
For example -- going to make any speech against the European any union any dissension illegal.
They find the leader of the you -- -- in Britain which is a very not of coming out to being the second posse in Britain.
-- tremendous fine for giving his personal true.
I think something to pay attention to hear -- something they really shocked and surprised me.
Angela Merkel went to Greece.
To talk to people there as they are trying to help this country bail out of its many problems what was she met with.
Not -- protesters.
-- she's delivering I don't austerity.
Yeah silly and and there's been so much violence in Greece know how we're seeing visible that the EU deserves this through -- war.
Greece exactly -- created and saved every act.
Grief is just one country out of 27 in this entire union and they members said that the EU has been entirely responsible for the fees of course -- -- at its share.
The US has had his share but not -- Andrea was -- Shannon is about they do not nearly -- and it is not NATO has not been 100% because he gets -- -- -- military sense.
Between -- well look no automatic guess -- And bump in North Atlantic assembly ways I would storm already there are very active and millet.
Let's take a look for a second at some of the previous winners of the Nobel preach peace -- is what I would say I think you know.
The winners people the previous winners of the Nobel Peace Prize.
I would say that this prize has lost all respect.
-- Yasser Arafat that it and then present Obama winning it after something like six months in off the -- done nothing.
How the -- terrible price she get any respect John.
Absolutely and I mean NATO the North Atlantic assembly was this civilian the parliamentary backing to NATO which I was a member of and that of course is that it is all part of native European Union has zero to do with a piece of fifty resonates there was a 100%.
Paris says I think as it happens and I know you mentioned you mentioned President Obama he kept on two fronts is an expensive wars with hundreds of thousands of people killed.
I mean I just can't believe that he was given the that peace prize and a European Union UC -- going to -- things of course.
She's delivering austerity in -- time for comptroller of grace.
And the Greeks don't like it reaction -- here are about to get rich last sort.
He's talking about a high Flynn an idea just when you look at individuals when you look at a panel that is when you look at markets the and when you talk about human rights by the way what they've encouraged.
From memory unions with women.
With gay marriage for the year European Union has done a lot.
While people are on the streets protest thing and and and they're burning leaders an effigy I mean.
How -- yeah yeah yeah.
You can't because they -- you -- you're gonna ensure every and every avenue where are -- and on the net Konrad yeah scapegoating the EU.
For global economic force.
And relative clarity September brought on the left its September -- -- -- are -- sorry but what do you agree unions don't agree there has been done and -- thanks for coming on tonight we appreciate it starts I'm.
It's clearly something -- now.