Romania's recent no-confidence vote ousting Prime Minister Ilie Bolojan's coalition government on May 5 has triggered caretaker status and fresh coalition talks, yet constitutional rules require two failed prime ministerial investitures within 60 days before the president may dissolve parliament. Major parties, including the Social Democrats and others wary of the far-right Alliance for the Union of Romanians' polling lead, have signaled interest in forming a new cabinet rather than risking early elections ahead of the 2028 cycle. No Romanian parliament has dissolved early since 1989, and analysts note the president's discretion plus ongoing negotiations reduce the chance of impasse by July 31. Traders price the "No" outcome at 90.7 percent to reflect these procedural barriers and shared incentives against snap elections.