Thailand PM Calls for Snap Elections

Thailand’s prime minister on Monday dissolved parliament and called a snap election, but analysts say the step may have come too late to stop the waves of anti-government protests which have crippled the capital since early November.

“The problem this time may not be easily resolved by a simple house dissolution,” Pimpaka Nichgaroon, head of research at Thanachart Securities, told CNBC. “The house dissolution has come so late that protesters have built up momentum to the point where they are now demanding an unelected interim government to reform Thai politics before Thailand can head into the new elections.”

She isn’t the only one concerned about the democratic process in Thailand.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza