I may have been a bit harsh on Abhisit - he appears to have offered an alternative solution (not the 9 months delay) and the Red leaders either missed, or ignored that offer.
Get the tapes out - Did Abhisit offer a referendum on dissolution?
If Abhisit did make the offer, Day 3 talks should centre on pinning him down on a quick timetable for a combined referendum/election.
The process is simple - Thanks to the following comment by The truth is out there on Bangkok Pundit's excellent site.
"Two things come to my mind.
“make a decision based on a consensus from the entire country”
It reminds me about recall election in California. The process is quite straight forward and efficient. There are two question.
1. Do you want to recall a Governor (Do you want a new election?)
2. If majority vote for recall, who do you want to vote for?
So basically, you start by ask people if they want a new election. So problem of "hearing the the consensus of entire country is answered". If the answer is no, the second question is moot.
The nice thing is that if the answer is yes, you don't need to spend extra money for election.
Every body seem to miss one point that new election does not guarantee PT to win sufficient majority. Most likely, they will win big but probably not big enough to form government by themselves. IMO, the foot print of PT after election will be fairly similar to what it is now. It is highly possible that Dem and current coalition can win sufficient majority to form a stable government. And it will be very legit one.