European Economic Perspectives: France: Presidential elections – where do we stand?

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European Economic Perspectives: France: Presidential elections – where do we stand?

Global Research

8 July 2026ab

European Economic Perspectives Economics

Europe Ex. UKFrance: Presidential elections − where do we

stand? Felix Huefner

Economist

felix.huefner@ubs.com

+49-69-1369 8280

2027 French presidential election moving into focus Reinhard Cluse

The 2027 French presidential election is set to be a key event with increased political and Economist

policy uncertainty, given that President Macron is no longer eligible to run after serving reinhard.cluse@ubs.com

+44-20-7568 6722

two consecutive five-year terms. Attention on the race is likely to intensify in the coming

months. Last week, the election dates were officially set (18 April and 2 May 2027 for Franziska Fischer

the first and second round, respectively). Yesterday, the Paris Court of Appeal reduced Economist

the sentence against Marine Le Pen, the leader of the far-right Rassemblement National franziska.fischer@ubs.com

+41-44-239 2054

(RN), and notably her ban from running for office. This allows her to stand as a candidate

in the 2027 election, although the court also ordered her to wear an electronic ankle Anna Titareva

monitor for one year. She announced last night her candidacy for the presidential Economist

election and that she will appeal the court's decision. Both Le Pen and Jordan Bardella anna.titareva@ubs.com

+44-20-7568 5083

(leader of the RN) have been leading opinion polls for the first round of the election. In

terms of the policy stance, Bardella more recently appeared to lean towards a softening

of the RN's economic policy proposals, notably on pensions. In this note, we discuss key

questions and themes around the election and important dates to watch. We see the