After several days of strong military pressure, and after several hours of battle against APCs, the Red Shirt leaders have surrendered and the protesters have agreed to go home. For now, the trouble is over, and the long process of cleaning up the mess can begin. This will mean: attempting to restore trust in Thailand as a holiday destination, as a place for foreigners to invest, and as a viable business environment. This will take time, most likely several years to fully recovery. However, have things really settled?
The grievances of the Red Shirts (real or perceived) have not been addressed. The Thai government has seriously damaged its own reputation amongst its own citizens and abroad by its use of force. The effect of all of the protest will not fade quickly.