facebook
twitter
search
search

Thaksin says coup harmed Thailand

March 3, 2008 at 9:48 PM

BANGKOK, March 3 (UPI) -- Former Premier Thaksin Shinawatra, back in Thailand from his exile, says the military coup that ousted him has eroded investor confidence in his country.

Thaksin, whose return home last week was made possible with the election of a new government, told the Financial Times the coup 17 months ago and the political uncertainty that followed have seriously damaged the country's image.

He said the new government, which took power after a smooth transition from the military rule, would face a tough time in re-establishing investor confidence.

"Confidence is very expensive economically," Thaksin told the newspaper. "When it's gone, it will cost a lot of money to bring it back -- and time, not just money."

Thaksin, who has promised to stay out of politics, said, "If I were to help the government, I would probably create more problems than (I would) solve."

He said Thailand should take advantage of the rising value of the baht to buy capital goods from abroad rather than worry about its impact on Thai exports.

Thaksin had been charged with abuse of power when he held office but he denies any wrongdoing.

Related UPI Stories
Latest Headlines
Trending Stories
Chelsea Clinton accidentally calls Bernie 'President Sanders'
Watch every star-studded Super Bowl commercial of 2016
Susan Sarandon responds to Piers Morgan criticizing cleavage
Two Virginia Tech students plotted 13-year-old's death, prosecutors said
Colin Powell, Condoleezza Rice got classified email on private accounts