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flag Christine Lagarde may leave the ECB early to avoid political fallout from a far-right French win in 2027.

flag Christine Lagarde may step down before her October 2027 term ends, reports say, to allow outgoing French President Emmanuel Macron and German Chancellor Friedrich Merz to influence her successor ahead of France’s 2027 presidential election. flag While Lagarde has not made a final decision, her potential early exit aims to avoid political complications from a far-right victory. flag The ECB has confirmed no change in her role, and markets show little reaction, reflecting confidence in policy continuity. flag Potential candidates include Spain’s Pablo Hernández de Cos and the Netherlands’ Klaas Knot, with selection requiring broad EU consensus.

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