Lagarde's early departure has opened a series of speculations

France will hold presidential elections in spring 2027, with Emmanuel Macron not running again. Christine Lagarde announced her departure from the ECB on February 7, prompting EU leaders to decide on her successor before the elections. This situation is significant as polls show Marine Le Pen's party has substantial support. Macron will still be in office during the decision-making process, potentially influencing the selection of Lagarde's successor. Lagarde has expressed a desire for Europe to have a voice in French politics but has denied any intention to run for president. Her departure could allow Macron to shape the ECB's future before the new president takes office.