By Misha Grunbaum

Last week, all eyes were on Stockholm as the Nobel Peace Prize was awarded to ... the European Union?

Greece's Ekathimerini, reporting in the midst of austerity measures and full-monty rebellions, remarks that "Crisis-hit Europeans see cruel joke in EU Nobel."

But Germany's Die Zeit, representing the country that has steered Europe through these measures, insists that "Ja, das macht Sinn" ("Yes, it Makes Sense").

Right or wrong, the prize raises another dilemma, probed by the UK's Guardian"Who will collect the Nobel peace prize for the EU?"