Christine Lagarde leaves the ECB, succession open and speculation for 2027

At the end of October 2026, the press reviews Christine Lagarde's career and the hypothesis of a candidacy for the 2027 presidential election, while her early departure from the presidency of the ECB is announced. The RN and LFI then accuse Emmanuel Macron of wanting to lock down institutions, Gabriel Attal praises Lagarde's mandate, and questions arise about her political role in 2027. In early November, her climate record and remuneration after her departure are examined, the Governor of the Bank of France assures that this departure is a personal choice, and the departure of Stéphane Boujnah from Euronext is presented as a setback for French influence. The succession process at the ECB is launched with a deadline of November 6, Spain proposes Pablo Hernández de Cos, then only the Dutchman Klaas Knot and the Spaniard are in contention, in negotiations between Northern and Southern countries. The right and center mention a candidacy by Lagarde in 2027, but it is described as reluctant and without a party or time to prepare a campaign, while Klaas Knot sets conditions for France and Emmanuel Moulin advocates for a pragmatic ECB after his departure.