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Friday, 7 May 2010 - Thai protesters refuse to quit, peace plan in limbo |
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    Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Nasdaq names stocks with cancelled trades 12:14am EDT Americans "bombarded" with cancer sources: report 06 May 2010 UPDATE 3-US stock plunge raises alarm on algo trading 06 May 2010 REFILE-US to announce Mexico trucking plan soon-LaHood 06 May 2010 Stock plunge raises alarm on algo trading | Video 06 May 2010 Crime riles Arizonans bent on immigration crackdown 06 May 2010 Stocks battered, pound bruised as fears persist 2:59am EDT Containment chamber expected as oil spill hits land | Video 3:24am EDT Kim committed to denuclearisation: report 06 May 2010 Gulf spill will "forever" change drilling-BP exec 06 May 2010 Freshway Foods recalls romaine lettuce 06 May 2010 REFILE-US to announce Mexico trucking plan soon-LaHood 06 May 2010 Stock plunge raises alarm on algo trading | Video 06 May 2010 Americans "bombarded" with cancer sources: report 06 May 2010 Nasdaq names stocks with cancelled trades 12:14am EDT Facebook privacy snafu exposed user chats 06 May 2010 Police barred from penis enlargement 23 Apr 2010 Stocks battered, pound bruised as fears persist 2:59am EDT Kim committed to denuclearisation: report 06 May 2010 BP turns to Twitter, Facebook on spill information 06 May 2010 Thai protesters refuse to quit, peace plan in limbo Chalathip Thirasoonthrakul BANGKOK Fri May 7, 2010 3:18am EDT Factbox Factbox: Countries warn against travel to Thailand 3:17am EDT Related News Scenarios: How will Thai crisis pan out after peace moves? 3:17am EDT Q+A: What's going on in Thailand? 3:17am EDT Pro-government demonstrators wave the Thai flag as they gather at the Victory Monument in Bangkok, May 6, 2010. Credit: Reuters/Caren Firouz BANGKOK (Reuters) - A peace plan put forward by Thailand's prime minister to end weeks of deadly protests was in limbo on Friday as the government and protesters squabbled over details, including a proposed early election in November. World  |  Thailand Far from packing up their fortified camp, which sprawls across 3 sq km (1.2 sq miles) of an upmarket commercial district in central Bangkok, the "red shirt" protesters said they would bus in more supporters from their northeastern stronghold. "We can rotate people in and keep this going for as long as it takes until the government comes back to us with a clearer offer," a leader Kwanchai Praipanna said. "We don't want to stay long but it depends on whether we can reach an agreement." Late on Thursday, their numbers had swollen to as many as 9,000, a Reuters reporter estimated. Numbers usually grow during the day into the cooler evenings before dropping to a few thousands who spend the night behind the fortified barricades. The Thai stock market, fell 2.4 percent, underperforming regional peers that were also in negative territory amid growing global worries about the fallout from euro zone debt problems. The baht was little changed. Thai stocks have now given up the gains notched up on Tuesday, when the index jumped 4.4 percent in reaction to Prime Minister Abhisit Vejjajiva's reconciliation plan. "The deal is still not off the table. There're still more complications, more talks to look forward to. This stalemate could actually last for a while," said Kiatkong Decho, a strategist at CIMB Securities. Abhisit said he would dissolve parliament in the second half of September ahead of an election on November 14 as part of a plan to end a crisis in which 27 people have died and more than 1,000 been wounded in clashes. But that failed to convince the mostly rural and urban poor "red shirt" protesters who have refused to budge from the commercial district, where posh malls and luxury hotels have been forced to close their doors since April 3. A local business group put total losses in the area since then at about 174 million baht ($5.4 million) a day. MIXED SIGNALS There were mixed signals from the red shirt camp, who broad support ousted former Prime Minister Thaksin Shinawatra, with some leaders suggesting a deal could be done soon. "I cannot get into detail but we have spoken to representatives of the government as well as ruling coalition partners and received positive signals," said Jaran Ditapichai, a senior figure on the protest movement. "There are issues which need to be worked out but I am optimistic we can come to an agreement and may be able to say soon when the protest will end." Complicating the picture, Abhisit faces some opposition from the government's traditional backers after the "yellow shirt" group, which broadly represents the royalist elite and the middle classes, condemned the plan. The "yellow shirts," whose eight-day occupation of Bangkok's airport in 2008 helped undermine a Thaksin-allied government, said Abhisit should resign if he could not enforce the law and end the occupation of the shopping district They bitterly oppose any attempt to amend the country's military-backed constitution, which they said could pave the way for an amnesty to banned politicians associated with Thaksin, a populist multimillionaire toppled in a 2006 military coup. The "red shirts," who had demanded immediate elections when their latest protest rally started in mid-March, say the ruling coalition lacks a popular mandate after coming to power in a controversial parliamentary vote 17 months ago after a Thaksin-allied government was ousted in a court ruling for electoral fraud. Protest leaders are demanding a specific date for dissolution of parliament -- a technicality analysts said was probably an excuse to negotiate a better deal, including a guarantee protest leaders would not face terrorism and anti-monarchy charges once the rally ends. Abhisit said dissolution would take place between September 15 and 30 under laws requiring that parliament be dissolved 45 to 60 days before an election. But if the protesters remained on the streets, he would not dissolve parliament at all, he added. The "red shirts" also want the government to lift a state of emergency and remove troops near the protest site before they leave, requests the government is unlikely to meet. Analysts say both sides want to be in power in September for a reshuffle of senior officers in the powerful military and police, and for the passing of the national budget. "There are still many issues both sides have to iron out. It doesn't help the situation that they are already in election campaign mode, looking to their supporters for approval. That will complicate both their rhetoric and the decisions they will make," said Sukhum Nuansakun, a independent political scientist. (Additional Reporting by Ploy Ten Kate and Panarat Thepgumpanat; Writing by Alan Raybould and Ambika Ahuja; Editing by Alex Richardson) World Thailand     Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.   © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index   Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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