French President Emmanuel Macron, constitutionally protected until his term ends on May 13, 2027, reaffirmed on April 24 his intention to exit politics thereafter, underscoring commitment to his final year despite a hung parliament from the 2024 snap legislative elections. Successive minority governments have survived no-confidence votes, including two in January over the 2026 budget using Article 49.3. Recent pressures include unemployment rising above 8%—highest since 2021—and his Renaissance party's May 13 endorsement of former PM Gabriel Attal for the 2027 presidential race. Absent voluntary resignation or improbable impeachment, trader consensus views early exit before June 30 as unlikely, with focus on budgetary battles and election preparations.