Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

UK, Ireland pause talks to restore Northern Ireland's regional government - FT

Published 21/12/2019, 00:17
© Reuters. Democratic Unionist Party MP Sammy Wilson is seen at the House of Commons in London

(Reuters) - Irish and British governments have "paused" talks to restore Northern Ireland's devolved regional government, stalling a power-sharing agreement between Irish nationalists and pro-British unionists in the region, the Financial Times reported on Friday.

Talks for a deal between the Sinn Fein party and the Democratic Unionist Party (DUP) will restart after Christmas, the newspaper added https://on.ft.com/2sPCs90, citing a senior Irish official.

Negotiations resumed last Monday after both DUP and Sinn Fein lost some ground in the British election last week, adding pressure on them to reach an agreement.

The British-run region's 1998 mandatory power-sharing executive, which ended conflict that lasted for three decades, fell apart in January 2017 when Sinn Fein withdrew from the regional government, saying it was not being treated as an equal partner.

Since then, the two parties have blamed each other for the failure to restore a power-sharing government.

Both Ireland and Britain believe a deal is still possible to settle the issue, the Financial Times said.

If the two political parties fail to cut a deal by Jan. 13, British government will call for a regional election in Northern Ireland.

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.