Suez Crisis Peacekeepers to police the Egyptian–Israeli border, British Prime Minister Anthony Eden resigned, Canadian Minister of External Affairs Lester Pearson won the Nobel Peace Prize, and the USSR may have been emboldened to invade Hungary. The Suez Canal was opened in 1869, after ten years of work financed by the French and Egyptian governments. The canal was operated by the Universal Company of the Suez Maritime Canal, an Egyptian-chartered company; the area surrounding the canal remained sovereign Egyptian territory and the only land-bridge between Africa and Asia. The canal instantly became strategically important, as it provided the shortest ocean link between
Prime Minister of the United Kingdom powerful than the American presidents, as the Prime Minister is part of the legislature, and unlike presidents, can directly initiate legislation. Thus, Dowding argues that adding to these powers, makes the Prime Minister less like presidents, and that what Britain is witnessing is not presidentialisation but, increase in powers overtime, can be best explained as "Prime Ministerialisation" of British politics. Regarding the thesis, Dowding writes: "The presidentialisation of the Prime Minister thesis should be expunged from political science vocabulary, to the extent that the forces identified by those who pursue the thesis exist, they do not make the British Prime