Emmanuel Macron’s second presidential term concludes in May 2027, after which he is constitutionally barred from immediate re-election. France’s fragmented National Assembly has produced repeated government instability and no-confidence pressures since the 2024 snap legislative vote, yet Macron has repeatedly stated his intention to serve until the end of his mandate. Recent institutional appointments and policy initiatives indicate efforts to shape the transition period, while constitutional rules require a formal vacancy declaration by the Constitutional Council before any early departure or special election can occur. Traders therefore price near-term exit probabilities extremely low, consistent with the absence of viable mechanisms or stated plans for resignation ahead of the scheduled 2027 vote.