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Péter Magyar Ends Orbán Era

Péter Magyar Ends Orbán Era

The stunning defeat of Viktor Orbán marks the end of a 16-year regime that had become a model for illiberal democracy.

Magyar's victory has ignited a rally in Hungary's bond market as investors anticipate a more pro-EU government and the potential adoption of the euro.

European Union officials are already rushing to Budapest to discuss unfreezing €17 billion in funds that were previously withheld due to rule-of-law concerns.

Magyar has signaled a major shift in foreign policy, including a more supportive stance toward Ukraine and a reset of ties with Brussels.

Péter Magyar Norbert Banhalmi, CC BY-SA 4.0
Péter Magyar
Hungarian lawyer, diplomat, political activist (1981–)
Viktor Orbán
Prime Minister of Hungary (1998–2002; 2010–present)
Hungary
Country in Central Europe
European Union
Political and economic union of 27 European states