Some longer and more detailed reports of the PAD violence on the Srisaket border are now available.
Interesting vision at Al Jazeera and their report here, including comments on the red shirt rally in Bangkok. Associated Press has a report and pictures here. The MCOT’s report is here and CCTV’s here, with vision. Grant Peck has a report at Gaea Times.
The basic points seem to be that Prime Minister Abhisit Vejjajiva is “saddened” by the clashes and claims that his “government is not sitting idly over the disputed 4.6-square-kilometre area and that negotiations continue with the Cambodian government which will lead to an eventual troop withdrawal from the area” (MCOT). Even though Abhisit states that no Thai sovereignty has been lost, statements like this give an impression that Abhisit is accepting the legitimacy of PAD claims. Because of its embedded support for PAD, the government is compromised.
Another telling indicator of the government’s compromised position is that it has decided to maintain troops and the ISA in Bangkok, where there was no clash.
Update: Bangkok Pundit has a series of videos of the violence.

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