Israel's October 27 parliamentary election and Spain's November 29 snap vote represent the most immediate catalysts elevating risks for Netanyahu and Sánchez. Recent Israeli polls show Netanyahu's bloc trailing or deadlocked with the opposition, with neither side assured of a 61-seat majority amid lingering security debates and coalition fragility. Sánchez's minority government collapsed after housing reforms failed in parliament, prompting the early contest amid public protests and coalition strains. France's ongoing budget and security crises, including recent protests and Lecornu's brief resignation before reconfirmation, sustain pressure on that position. Zelenskyy's extended term under martial law faces external calls for change but limited near-term electoral prospects. These scheduled votes and institutional tensions explain the elevated probabilities for those leaders relative to the 45% chance no one exits before 2027.
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