Romania's ongoing political crisis stems from the May 2026 no-confidence vote that toppled the Bolojan-led coalition government after the Social Democratic Party withdrew from the grand coalition in April. Under the constitution, the president may dissolve parliament and trigger snap elections if two successive prime minister-designates fail to secure a confidence vote within a 60-day window. Recent failed attempts by Eugen Tomac and Adrian Veștea have kept this mechanism in play, while PSD consultations in July floated dissolution and early legislative elections as an option amid stalled negotiations. The next scheduled parliamentary vote remains 2028, though trader focus centers on whether President Nicușor Dan advances further nominees or exercises dissolution powers before then.