Last Sunday's first round in the French local elections confirmed a widespread shift to the left, with Sarkozy losing significant support. The Socialist Party did well, as did forces that stand to its left. Here we wish to highlight the Marxist candidates standing for the PCF in the area around Toulouse, who significantly boosted the party's vote.

How do you lose £3.7 billion? Down the back of the sofa? Meet Jérôme Kerviel. He lost £3.7 billion of his employer’s money, Société Générale, a French bank. Is it actually a good argument for capitalism that the whole world can be screwed up because of a solitary rogue trader? Is the system really so precarious that one crook can send world financial markets into freefall?

Sarkozy is consciously provoking some of the big battalions of the French labour movement. His strategy is clear: take on the strong sections of the class and, counting on the weak trade union leaders, smash them in order to prepare the ground for an all-out attack on the rest of the class. The stakes are high. With a bold, militant leadership the workers could win.

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