Orderly Early Handover

Christine Lagarde leaves a few months before her October 2027 term end, but the ECB and euro-area governments manage the process as a planned succession rather than an institutional rupture. This is the most likely path because her prior statements ruled out leaving before 2027, not a short, orderly early departure.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.