The military would have the 'perfect rationale' to intervene if clashes between pro-democracy protesters and 'counter protesters' grow, said Paul Chambers from Naresuan University's Center of ASEAN Community Studies.
Thailand could potentially return to rule under the military junta again — if violence should flare up between pro-democracy student protesters and "counter-protesters" loyal to the establishment, one analyst told CNBC on Monday.
The pro-democracy protests, which have lasted for months, have been largely peaceful so far. Among the protesters' list of demands are the resignation of Prime Minister Prayuth Chan-ocha and reforms to the monarchy. Prayuth has ignored protesters' deadline for him to step down. Royalists — commonly known as the "yellow shirts" — have in recent weeks started to hold counter protests.
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