Power handover. It’s Over. Hangover.
Thailand’s new military cabinet met King Bhumibol Adulyadej in Bangkok on Thursday, marking the formal start of an administration that will spend at least a year overhauling the political system before calling an election. Prayuth, 60, led his
cabinet Gang to Bangkok’s Siriraj hospital, where King Bhumibol, 86 is staying.
I have doubts that Junta will have an election in one year and handover power. Their main threat is to get rid of Thaksin influence in Thailand completely, they tried in 2006 but failed on 2011 by electing his sister Yingluck.
Now, they are here for the long run. They changed the constitution to tailor their needs and protect their interests. They say Handover of power in one year. I tell you “Right Right, You see that wicked smile on his face”. It’s Over.
The man overseeing the economy in the new cabinet is one of its few civilians, Pridiyathorn Devakula, 67, a former central bank governor who was finance minister in the government the military set up after the 2006 coup.
During that government, he bungled an attempt to impose capital controls to prop up the currency, leading to a sharp fall in the stock market.
The question is what is he going to mess up this time. What failed policy will he impose or maybe he has no policy as we have seen so far.