• Bloomberg


There is a word for the relief many across Germany must have felt as Chancellor Angela Merkel missed out on a Nobel Prize for her stance on refugees: Schadenfreude.

The bookmakers’ favorite to pick up the Nobel Peace Prize on Friday, Merkel lost out to a group dedicated to building democracy in Tunisia. The award saves her detractors the discomfort of seeing international honor bestowed on the chancellor for an open-door policy that is causing a storm at home, alienating political allies and a skeptical public.

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