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Emmanuel Macron appears to have one foot in the French presidency following the first round of the elections. Questions have arised if his victory over National Front's Marine Le Pen would allow Mario Draghi to announce that the eurozone is moving closer to full health.
Top central bankers have reinstated their longstanding grievances regarding the ultra-loose monetary policy which marks Draghi's reign as president of the European Central Bank. Hawks want the ECB to start focusing on the extraordinary stimulus that Draghi has administered since economic prospects seem to have improved.
Growing expectations of a Macron victory emphasizes the divide between the eurozone's German-led hawkish group of followers and Draghi. It is regarding how fast the ECB must begin a return to normality, which is abandoning the emergency bond-purchasing programme, known as quantitative easing.
Monetary hawks aim to use a Macron victory to persuade Draghi to leave the council's rhetoric and announce that the risks to the eurozone's economic outlook are no longer slanted to the downside but instead balanced.
The eurozone economy has faced moderate recovery like falling unemployment, solid growth and increasing confidence among consumers and across industries.
