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 decision-making. Former ministers such as Clare Short and Chris Smith have criticised the lack of decision-making power in Cabinet. When she resigned, Short denounced "the centralisation of power into the hands of the Prime Minister and an increasingly small number of advisers". Graham Allen (a Government Whip during Tony Blair's first government) made the case in "The Last Prime Minister: Being Honest About the UK Presidency" (2003) that in fact the office of prime minister has presidential powers. However, the presidentialisation thesis has been extensively criticised as well. Keith Dowding, for example, argues that British Prime Ministers are already more