🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Sinn Fein cautious on DUP, May tie-up but would welcome funding

Published 15/06/2017, 19:19
© Reuters. A Sinn Fein delegation, including President, Gerry Adams, and the leader of Sinn Fein in Northern Ireland, Michelle O'Neill, talk to the media outside 10 Downing Street in central London

LONDON (Reuters) - Northern Ireland's largest nationalist party would oppose any deal their main unionist rival strikes to prop up British Prime Minister Theresa May that undermines peace in the province but would welcome the increased funding it may bring.

May has been holding talks with the Democratic Unionist Party (DUP), keen to get the backing of their 10 lawmakers in Westminster's parliament to return to government after failing to win a majority in last week's British election.

The prime minister met leaders of Northern Ireland's other political parties on Thursday, some of whom had voiced concerns that a tie-up could destabilise local politics and undermine the British government's neutrality in overseeing separate talks to form a new power-sharing government in Northern Ireland.

"We will oppose any deal which undermines the Good Friday agreement," Sinn Fein president, Gerry Adams, told reporters outside May's Downing Street residence, in reference to the 1998 peace deal that ended three decades of sectarian violence.

"A little side bargain to keep Theresa May in power, a temporary little arrangement won't have any integrity and certainly is not as important as the integrity and the needs of the people who live in Ireland."

The DUP's main demands centre around securing more funding for the province, a source close to the party told Reuters on Saturday and Adams said he would welcome such funds.

"We are consistently making the case that our institutions are under resourced, have been undermined by austerity and need to be properly funded. So of course we would support any monies going to the executive," Adams said.

Sinn Fein, which won seven seats in the British parliament last week but does not take up its seats or vote in Westminster, would likely reject a deal to form a government by refusing to work with the DUP in Northern Ireland.

However some analysts say a deal between May and the DUP that hands the province additional resources but does not damage Irish nationalist interests or undermine peace could motivate Sinn Fein to agree to form a new power-sharing government.

The DUP represents people in Northern Ireland who wish the province to remain part of the United Kingdom, while Sinn Fein wants Northern Ireland to be administered by the Irish Republic.

Others leaders who met May remained sceptical.

© Reuters. A Sinn Fein delegation, including President, Gerry Adams, and the leader of Sinn Fein in Northern Ireland, Michelle O'Neill, talk to the media outside 10 Downing Street in central London

"The prime minister will have to do a lot more to convince us that the DUP tail isn’t wagging the Tory dog," Colum Eastwood, leader of the nationalist Social Democratic and Labour Party (SDLP), said in a statement.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.