Government Spokesman Surapong Suebwonglee quoted Thaksin as telling his cabinet, "Iwill not resign, but if the situation deteriorates, I will dissolve the parliamen."

However in separate interview, Thaksin told reporters that it is the media's wishful thinking that he dissolves the parliament.

PM’s Secretary-General Prommin Lertsuridej admitted on Monday that a House dissolution was a possible way-out for current political situation.

Thaksin was reported to feel shaken over the threat by his former political mentor, Chamlong Srimuang, to lead his “Dharma Army” to join the February 26 rally to pressure Thaksin to resign.

In response to Chamlong’s demand for Thaksin to resign, the prime minister held a Cabinet meeting Sunday night and announced that his government would convene a special joint meeting of the two chambers for debating on the current situation.

Thaksin on Monday even promised to allow MPs and senators to debate the  controversial sale of Shin Corp by his family to Singapore’s Temasek Holdings.
But the offer of the joint meeting was dismissed by the opposition and some liberal senators as a “farce”.

Democrat deputy secretary-generl Korn Chatikavanij said he believed the promised debate would be only attempts to reduce public dissatisfaction.
Senator Wallop Tangkhananurak said Thaksin had lost legitimacy to rule so it would be useless to hold the joint meeting.

Meanwhile, several groups on Monday welcomed Chamlong to the fray.
Kochawan Chaibutr, secretary-general of the Student Federation of Thailand, said it was a good sign that Chamlong would join the rally to demand Thaksin to resign.

Somsak Kosaisuk, a state enterprise union leader, also welcome Chamlong to the anti-Thaksin movement, saying Chamlong had been disillusioned after seeing that Thaksin had caused damages to the country.