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THE SPUTTERING SOCIALISTS PICK A PRESIDENTIAL CANDIDATE, BUT HIS CHANCES OF VICTORY SEEM SLIM

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Jospin too can expect postelection turbulence. A weak showing will surely re- open factional wounds, and even a respectable score may not ensure party unity. ``The knives have only been slipped back into the Socialists' pockets,'' says Pascal Perrineau, director of the Center for the Study of French Political Life. ``After the voting, they will come out again.''

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