Romania's parliament entered caretaker status after Prime Minister Ilie Bolojan's pro-EU government fell to a no-confidence vote on May 5, yet President Nicușor Dan has opened consultations with parliamentary parties to form a replacement cabinet. Under the constitution, dissolution requires two consecutive failed investiture votes within a 60-day window, a threshold parties including the Social Democrats and Alliance for the Union of Romanians have signaled they intend to avoid in favor of renewed coalition talks. Historical precedent shows no early dissolution since 1989, and major factions currently view snap elections as risky given shifting polls. With negotiations already underway and an EU recovery deadline looming in August, traders price the 90.7 percent "No" outcome as the consensus expectation that a new government will be seated well before July 31.