The election has proved his popularity has gone down. His legitimacy was greatly affected.

This is a new area of growth in terms of the market. It's not only in Thailand but in the region as a whole. France wants to see Thailand as a stepping ground to expand economic interests in the region.

The result of no-vote ballots, particularly in Bangkok, was a big surprise to him. It was too high and that could create a major crisis.

As the celebration for the king is approaching, he has no choice but to step aside to allow the reconciliation process to begin now.

If the crisis continues, it could create an image of instability and uncertainty in Thailand.

France is looking for more economic expansion in Thailand and the region. Politically, this is also a new area to compete to get influence. The United States, China and India are now competing for political influence in ASEAN, and France, a leading European country, does not want to be left out.