Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. House Speaker Pelosi cautions Britain over N.Irish peace deal

ForexSep 17, 2021 11:25
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) holds her weekly news conference at the U.S. Capitol in Washington, U.S. September 8, 2021. REUTERS/Jonathan Ernst

By Guy Faulconbridge and Costas Pitas

LONDON (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi cautioned Britain on Friday that there could be no post-Brexit trade deal with the United States if the Northern Ireland peace agreement was destroyed.

The United States has expressed grave concern that a row between London and Brussels over the implementation of the 2020 Brexit treaty could undermine the Good Friday accord, which effectively ended three decades of violence.

"If there is destruction of the Good Friday accords, they (are) very unlikely to have a UK-U.S. bilateral," she told a Chatham House event.

Since the United Kingdom left the European Union on Jan. 1, Johnson has unilaterally delayed the implementation of some provisions of the deal's Northern Ireland Protocol and his top negotiator has said the protocol is unsustainable.

The 1998 peace deal largely brought an end to the "Troubles" - three decades of conflict between Irish Catholic nationalist militants and pro-British Protestant "loyalist" paramilitaries in which 3,600 people were killed.

The British-run region remains deeply split along sectarian lines 23 years after the peace deal brokered by the United States.

Many Catholic nationalists aspire to unification with Ireland while Protestant unionists want to stay part of the United Kingdom.

The Northern Ireland Protocol aims to keep the province, which borders EU member Ireland, in both the United Kingdom's customs territory and the EU's single market.

The EU wants to protect its single market, but an effective border in the Irish Sea created by the protocol cuts off Northern Ireland from the rest of the United Kingdom - to the fury of Protestant unionists.

Some unionists say the protocol contravenes the 1998 peace deal.

CAPITALISM IN USA

Pelosi also said that capitalism has not served the U.S. economy as well as it could have.

"In America, capitalism is our system, it is our economic system, but it has not served our economy as well as it should," she said.

The country needed to improve the system and a strong middle class was a key part of a strong democracy, she said.

"You cannot have a system where the success of some springs from the exploitation of the workers and springs from the exploitation of the environment and the rest, and we have to correct that," she said.

The U.S. economic model had shifted away from "stakeholder capitalism" of the 1980s where productivity increases benefited executives and worker pay.

Pelosi said there was a growing awareness that "we have to do better" and that shareholder capitalism had led to CEO pay soaring but worker pay stagnating.

"That's just not right," Pelosi said.

U.S. House Speaker Pelosi cautions Britain over N.Irish peace deal
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
david scott
david scott Sep 17, 2021 12:52
Saved. See Saved Items.
This comment has already been saved in your Saved Items
this woman is crazy
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email