French President Emmanuel Macron's term constitutionally runs until May 2027, with removal prior requiring a rare impeachment by parliament for high treason—a process unused in modern French history. Persistent political instability stems from the 2024 snap legislative elections, which produced a hung National Assembly and triggered multiple no-confidence votes toppling governments under Prime Ministers like Bayrou and Lecornu. Macron, ineligible for a third term and publicly stating he will not run in 2027, faces no immediate resignation pressure. Early April reports highlighted his inner circle's exodus ahead of the presidential race, but no significant developments in the past 30 days, such as dissolution calls or coalition breakdowns, have shifted the stalemate. Traders eye the 2027 election timeline as the key resolution trigger.