Mario Vargas Llosa wins Nobel Literature Prize

Peruvian Mario Vargas Llosa, one of the most acclaimed writers in the Spanish-speaking world, has been awarded the 2010 Nobel Prize in literature.

The 74-year-old, one-time presidential hopeful, has written more than 30 novels, plays and essays.

The Swedish Academy hailed "his cartography of structures of power" and "trenchant images of the individual's resistance, revolt, and defeat".

Dan Collyns reports from Lima.