Romania's ongoing political crisis, triggered by the May 2026 no-confidence vote that ousted Prime Minister Ilie Bolojan's coalition government, centers on repeated failures to secure a parliamentary majority for new prime ministerial nominees. President Nicușor Dan's first two designees failed to form cabinets—one withdrew and the second, Adrian Veștea, received only 189 votes against the required 233 in June. Under the constitution, this meets the threshold for dissolution and snap elections after 60 days, a power the president has so far declined to exercise amid warnings of economic damage, EU fund risks, and polling strength for the far-right AUR party. Negotiations continue into September over technocratic or minority options, with trader sentiment reflecting the balance between avoiding early polls and the constitutional clock.