Romania's parliament, elected in December 2024 for a full term ending in 2028, shows no credible path to dissolution by July 31 amid the ongoing government formation process following the May 5 no-confidence vote that ousted Prime Minister Ilie Bolojan. President Nicușor Dan has prioritized consultations to assemble a new pro-European coalition from mainstream parties rather than repeated prime ministerial nominations that could trigger constitutional dissolution powers, which remain discretionary and have never been exercised since 1989. Moderate parties resist early elections due to polling showing far-right AUR in the lead, while AUR itself lacks the leverage to force the outcome. The narrow remaining window and focus on interim stability reinforce trader consensus against dissolution, though a complete breakdown in coalition talks before the deadline could still alter the trajectory.