Romania's parliament faces a narrow path to dissolution by July 31 after the May 5 no-confidence vote removed Prime Minister Ilie Bolojan's pro-EU coalition government. The president has begun consultations with parliamentary parties to nominate a new prime minister, with multiple attempts possible before any dissolution trigger under constitutional rules. Major parties, including the Social Democrats and National Liberals, have signaled preference for coalition talks over early elections, while the president has ruled out snap polls and anticipates a new pro-Western cabinet within weeks. Historical precedent shows no early parliamentary dissolution since 1989, and current polling dynamics give larger parties incentive to avoid a vote that could favor smaller opposition forces. These factors underpin traders' strong consensus against dissolution in the coming months.