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French court's imminent verdict could determine Marine Le Pen's 2027 presidential bid

Executive summary: A Paris appeals court is set to deliver a verdict on Marine Le Pen's eligibility to run in the 2027 French presidential election. The ruling could bar the far‑right leader from candidacy, reshaping France's political landscape and affecting EU stability and market perceptions of sovereign risk.

Who is involved: Marine Le Pen, National Rally party, French appeals court, EU observers, and financial markets monitoring French political risk.

Likely next: If the court upholds the ban, Le Pen may appeal; if cleared, she will campaign, influencing eurozone risk premia and party strategy.

A Paris appeals court is expected to rule on whether Marine Le Pen remains eligible to run in the 2027 French presidential election. The decision hinges on a prior conviction related to misused European Parliament funds, which could trigger a legal ban on her candidacy. If the court upholds the ban, the far‑right National Rally would need a new standard‑bearer; if overturned, Le Pen would continue her campaign, influencing both domestic politics and euro‑area market sentiment.

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