Holger Schmieding said in a note the court shortened Marine Le Pen's ban on holding public office, restoring her eligibility for France's 2027 presidential election, but uncertainty remains over whether she will be the National Rally's candidate. The court upheld her conviction for misappropriating EU funds and ordered her to wear an electronic monitoring bracelet for one year. Le Pen has suggested she might not run under those conditions; if she declines, protégé Jordan Bardella — more popular

Holger Schmieding said in a note the court shortened Marine Le Pen's ban on holding public office, restoring her eligibility for France's 2027 presidential election, but uncertainty remains over whether she will be the National Rally's candidate. The court upheld her conviction for misappropriating EU funds and ordered her to wear an electronic monitoring bracelet for one year. Le Pen has suggested she might not run under those conditions; if she declines, protégé Jordan Bardella — more popular with the public and less hardline on the EU — could become the National Rally's candidate.