AsianCorrespondent

Thai protesters have said they have "agreed" on, and welcomed, a
proposed compromise to end the violent political crisis that has
paralysed central Bangkok for nearly two months.

Although they
have asked for more details before ending their protest, this sudden
accord between the two waring factions of pro-democracy demonstrators
and the Government they deem as illegitimate, will almost certainly
spell the end to some of the worst political violence Thailand has
witnessed in two decades.

27 people have lost their lives over
the last eight weeks and hundreds have been injured as Government forces
clashed with Red Shirts on the streets of the country's capital. These
bloody battles have been fought by ordinary Thais in the name of
democracy and the price on both sides has been high.

Prime
Minister Abhisit Vejjajiva has proposed holding new elections on
November 14 in exchange for the Red Shirt protesters dismantling the
camp they have set up in the middle of the Thai capital.

The Red
Shirt leaders met to discuss the five-point plan and Veera Musigapong, a
protest leader told the chanting crowd that they have "agreed
unanimously to enter the reconciliation process."

"The power to
determine an election date has to belong to the election commission. It
is not (within) the power of the Prime Minister. We want a clarification
of the timing when the Prime Minister will dissolve the parliament."

He
did not say, however, when they would evacuate the streets of Bangkok.
They also demanded the monarchy not be used as a weapon in the
confrontation, a move the government has been keen to initiate in recent
days.

Abhisit made his compromise offer in a speech broadcast on
all television channels. The chairman of the opposition party praised
the prime minister's plan and said he believes the Red Shirt protesters
would end their protest on Coronation Day, which marks the occasion
revered King Bhumibol Adulyadej was officially crowned.