Romania's ongoing political crisis, triggered by the April 2026 breakup of the PSD-PNL grand coalition and the May 5 no-confidence vote that ousted Prime Minister Ilie Bolojan's government, has left parliament without a stable majority. President Nicușor Dan has pursued repeated attempts to install a new cabinet through designated prime ministers, but the first nominee, Adrian Vestea, failed a confidence vote in June 2026 amid far-right opposition and cross-party fragmentation. Under constitutional rules, the president may dissolve parliament and call snap elections if two such nominees fail within a 60-day window, a threshold now approaching amid stalled negotiations. Far-right parties like AUR have gained ground in polls, raising the stakes for pro-European moderates who seek to avoid early elections scheduled no earlier than 2028. Trader sentiment reflects uncertainty over whether a viable coalition can form before procedural deadlines trigger dissolution.