Romania's ongoing political crisis, triggered by the May 2026 no-confidence vote that ousted Prime Minister Ilie Bolojan's coalition government, centers on repeated failures to form a new cabinet. Under the constitution, the president may dissolve parliament and call early elections after two prime minister-designates fail to secure votes within a 60-day window. As of late July 2026, one nominee had already been rejected, prompting further nominations amid stalled negotiations among pro-European parties and opposition from the Social Democrats (PSD), who have publicly advocated dissolution and snap polls. President Nicușor Dan has resisted early elections, citing procedural complexities and the lack of precedent since 1989, while the next scheduled parliamentary vote remains in 2028. These dynamics shape trader assessments of dissolution timelines.