(http://msnbcmedia.msn.com/j/MSNBC/Components/Photo/_new/121210-eu-nobel-230a.photoblog600.jpg)Suzanne Plunkett / ReutersEuropean Commission President Jose Manuel Barroso, left, European Council President Herman van Rompuy and European Parliament President Martin Schulz, seen here on Sunday, will receive the Nobel Peace Prize on behalf of the European Union in Oslo on Monday.By ReutersSTOCKHOLM -- With more than 1,200 guests and 40 chefs, Sweden holds its annual Nobel awards ceremony on Monday hoping a year of cost-cutting will not be noticed by the laureates, royals or the Who's Who of Sweden attending the lavish dinner.
The ceremony -- scheduled to be at 6:50 a.m. ET -- tops a week of events in Stockholm for the winners of the literature, physics, chemistry, medicine and economics prizes that see Sweden briefly enjoying the kind of extravagance usually associated with previous centuries.
But this year the prize money has been cut by a fifth, contracts with suppliers have been renegotiated and even the number of chauffeur-driven cars for Nobel winners and their guests has been reduced.
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