Why it's a great idea
• The deficit in the Eurozone has just been reduced by 923,680 euros.
• There is an offchance the rioting in Athens and Madrid may stop for the day when the award is collected.
• It is a timely reminder that not a single individual world leader – not even Bono – has done anything to advance the cause of peace in the past 12 months.
• It has really upset Ukip and the rightwing Tory Eurosceptics.
• It's paved the way for Antarctica to win the prize next year. It's the one continent on which a war has never been fought.
Why it's a terrible idea
• Angela Merkel will try to pocket the Greek share of the prize money.
• The prize money will almost certainly be wasted promoting a "European Day of Peace" along with newly created peace ambassadors that no one outside Brussels will ever celebrate.
• The Chinese will be so pissed off they didn't win, they will invade us. Likewise the Americans.
• No one knows how many countries will still be in the EU by this time next year.
• The prize should have gone to the Isle of Wight.
