Global Security Headlines

Monday, February 2, 2009

Bangkok Bungling

credit: Bangkok Post

Thailand continues in crisis as up to 30,000 United Front of Democracy against Dictatorship (UDD) redshirts filled the Government House compound to deliver three demands to their ruling government Prime Minister Abhisit Vejjajiva (third PM in five months) to remove Foreign Minister Kasit Piromya, dissolve the House and take action against its rival People's Alliance for Democracy (PAD).

Gnawing political instability negatively impacts the Thai economy that contracted by as much as 2 per cent over the fourth quarter of 2008, according to its central bank.

Indeed Thailand is borrowing $2 billion to boost an ailing economy nearing its first recession since 1999.

Bangkok Bungling in political and economic affairs is sending the wrong signals to the international community and certainly tourists whose spending comprises 30% of GDP.

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