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Rum comes out in parties, or a French red? (13)

Ross

I believe the answer is:

eurocommunist

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'a french red?' is the definition.
The definition suggests a singular noun which matches the answer.

'rum comes out in parties' is the wordplay.
'parties' indicates an anagram (the letters move or party around).
'rum'+'comes'+'out'+'in'='rumcomesoutin'
'rumcomesoutin' anagrammed gives 'EUROCOMMUNIST'.

'or' is the link.

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I've seen this clue in The Independent.
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