The European Union, a collection of countries in Europe, has been awarded an important prize — the Nobel Prize.

It was given the honour for keeping peace for more than 65 years.

That is a very big accomplishment, especially because the Second World War began just 21 years after the First World War ended in 1918.

But not everyone is happy to see the European Union receive the prestigious prize.

That’s because even though Europe is not at war, it is struggling with a different kind of problem.

Many countries in Europe, including Greece, Spain and Italy, are having trouble paying down their debts.

Their governments borrowed too much money and now they must cut back on the amount of money they spend to pay their workers and for things like roads, hospitals and schools.