Pheu Thai Party will seek to form a new government with some of its biggest rivals.
Pheu Thai leader Chonlanan Srikaew and other coalition members attend a press conference at Parliament in Bangkok.
The winner of five elections over the past two decades, Pheu Thai, a political juggernaut founded by the billionaire Shinawatra family, has agreed a contentious alliance including two parties backed by a military that overthrew two of its governments in coups in 2006 and 2014. “Things that were said during the election were one thing. But we didn’t really get the landslide, so we had to renege,” said Srettha, who needs the backing of more than half of the legislature.Almost certain to overshadow Tuesday’s vote will be the likely dramatic return of 74-year-old Thaksin, a former premier who is loved and loathed in equal measures in the Southeast Asian country.
But his rapid rise and that of a wave of capitalist upstarts put him at odds with a nexus of royalists, military and old money families, triggering an intractable power struggle that is still being played out today.
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