Romania's pro-European coalition government led by Prime Minister Ilie Bolojan collapsed on May 5, 2026, when parliament approved a no-confidence motion by a 281-4 margin, exceeding the 233-vote threshold. The largest coalition partner, the Social Democrats, had withdrawn support in late April amid disputes over austerity measures and budget deficit reduction, then joined the far-right opposition to force the vote. Bolojan continues in a caretaker role with restricted powers until parliament confirms a successor, a process President Nicusor Dan has indicated could conclude within weeks. This transition carries direct implications for EU fund disbursements, sovereign debt ratings, and currency stability, as traders assess the timeline for formal replacement amid ongoing coalition negotiations.