WHEN France's Socialist Party last won a presidential election, in 1988, Margaret Thatcher governed Britain, Ronald Reagan occupied the White House and Barack Obama was a mere 26-year-old. When it last triumphed at a parliamentary election, in 1997, Tony Blair had just won office for the first time. But there comes a moment when any political party that has been condemned to a long spell in opposition wakes up and does whatever it takes to seize back power. Have the French Socialists reached that point?
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