Thai Court Ruled February Elections Unconstitutional

Thailand’s Constitutional Court on Friday nullified February’s election that was disrupted by protesters, further delaying the formation of a new government after months of street protests aimed at bringing down Prime Minister Yingluck Shinawatra.

In a 6 to 3 vote, the court ruled that the election violated the constitution, as voting had not taken place in 28 districts in southern Thailand where candidates were unable to register due to blockades by the anti-government protesters.

“The Feb. 2 election could not take place across the kingdom on the same day,” the court said in a statement.

It was unclear when a new election would take place. Somchai Srisutthiyakorn, an Election Commission member, said the country had two options to organise a new vote.

“The commission could discuss with the government about issuing a new royal decree for a new date or we could ask the heads of all political parties to decide together when best to set the new election date,” he told reporters.

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