Zürcher Nachrichten - Brussels misreads Magyar

EUR -
AED 4.23597
AFN 75.541776
ALL 92.900361
AMD 421.467492
AOA 1058.847467
ARS 1719.769702
AUD 1.634005
AWG 2.079055
AZN 1.957941
BAM 1.954764
BBD 2.322339
BDT 142.344559
BHD 0.434764
BIF 3446.828399
BMD 1.153429
BND 1.476798
BOB 13.692684
BRL 5.94927
BSD 1.152984
BTN 109.985232
BWP 15.563684
BYN 3.418344
BYR 22607.202462
BZD 2.318941
CAD 1.606778
CDF 2624.05054
CHF 0.936927
CLF 0.026787
CLP 1054.257452
CNY 7.780226
CNH 7.783729
COP 3618.340425
CRC 522.816115
CUC 1.153429
CUP 30.56586
CVE 110.204205
CZK 24.255682
DJF 205.330287
DKK 7.475729
DOP 67.233493
DZD 153.427492
EGP 58.01518
ERN 17.30143
ETB 186.505012
FJD 2.551903
FKP 0.853593
GBP 0.854074
GEL 3.016249
GGP 0.853593
GHS 13.565987
GIP 0.853593
GMD 84.777861
GNF 10125.414192
GTQ 8.796147
GYD 241.480971
HKD 9.050736
HNL 30.904951
HRK 7.534886
HTG 150.758139
HUF 365.106684
IDR 20616.384531
ILS 3.459883
IMP 0.853593
INR 110.066513
IQD 1510.499454
IRR 1585618.430118
ISK 141.998398
JEP 0.853593
JMD 182.422528
JOD 0.817766
JPY 183.867494
KES 149.254038
KGS 100.867409
KHR 4671.463431
KMF 492.514136
KRW 1632.632678
KWD 0.356522
KYD 0.960799
KZT 537.683757
LAK 26014.874122
LBP 103253.33423
LKR 385.57732
LRD 208.118797
LSL 18.71114
LTL 3.405775
LVL 0.697698
LYD 7.353071
MAD 10.682592
MDL 20.028125
MGA 4961.349039
MKD 61.492143
MMK 2422.127382
MNT 4148.497053
MOP 9.318761
MRU 46.085976
MUR 54.291383
MVR 17.820925
MWK 1999.331712
MXN 19.679857
MYR 4.718216
MZN 73.054802
NAD 18.7096
NGN 1571.435549
NIO 42.426962
NOK 10.952671
NPR 175.974447
NZD 1.965806
OMR 0.443501
PAB 1.152984
PEN 3.898034
PGK 5.17419
PHP 70.6452
PKR 320.053388
PLN 4.301153
PYG 6865.27221
QAR 4.203181
RON 5.240259
RSD 117.359066
RUB 95.099756
RWF 1698.392511
SAR 4.32277
SBD 9.302449
SCR 15.924051
SDG 692.637883
SEK 10.991345
SGD 1.477144
SLE 28.259393
SOS 658.947909
SRD 43.768058
STD 23873.645266
STN 24.486492
SVC 10.088653
SZL 18.700008
THB 38.204443
TJS 10.625223
TMT 4.048535
TND 3.385432
TRY 55.084286
TTD 7.808117
TWD 37.151362
TZS 3056.295407
UAH 51.734157
UGX 4289.782256
USD 1.153429
UYU 46.425194
UZS 13709.73401
VES 876.911697
VND 30133.901425
VUV 136.615329
WST 3.148849
XAF 655.606695
XAG 0.017699
XAU 0.000263
XCD 3.117198
XCG 2.078099
XDR 0.815364
XOF 655.606695
XPF 119.331742
YER 273.588946
ZAR 18.671502
ZMK 10382.245802
ZMW 21.619261
ZWL 371.40357
  • RBGPF

    2.2800

    72.16

    +3.16%

  • RIO

    -0.9200

    100.99

    -0.91%

  • GSK

    -1.2600

    50.9

    -2.48%

  • CMSD

    -0.0600

    21.63

    -0.28%

  • BTI

    -0.2400

    56.81

    -0.42%

  • CMSC

    -0.1300

    21.44

    -0.61%

  • AZN

    -3.1600

    158.75

    -1.99%

  • NGG

    0.7900

    80.27

    +0.98%

  • RELX

    -0.2500

    35.37

    -0.71%

  • BCE

    0.8300

    23.37

    +3.55%

  • RYCEF

    -0.0200

    20.55

    -0.1%

  • BCC

    0.7800

    85.53

    +0.91%

  • BP

    0.2800

    43.16

    +0.65%

  • VOD

    0.1500

    15.9

    +0.94%

  • JRI

    0.0000

    12.73

    0%


Brussels misreads Magyar




Hungary’s April 2026 parliamentary elections upended a 16‑year epoch. Péter Magyar’s Tisza Party, a relatively new centrist movement, swept to victory with 138 of 199 parliamentary seats, ending the long rule of Viktor Orbán and his nationalist Fidesz party. The scale of the win handed Magyar a two‑thirds majority in the Hungarian parliament, allowing him to reshape the constitution and policy without Fidesz support. The triumph was widely celebrated across Europe. European Commission President Ursula von der Leyen congratulated Magyar and proclaimed that Hungary had “chosen Europe.” Polish Prime Minister Donald Tusk posted a jubilant video declaring that “Europe is back,” and Germany’s Chancellor Friedrich Merz called the result a sign that the pendulum was swinging away from right‑wing populism.

Yet within hours of the celebrations Brussels began whispering that its long‑standing feud with Budapest might finally be over. Officials mused that billions of euros in frozen cohesion funds could soon flow to Budapest again, that Hungary would stop vetoing aid to Kyiv, and that a new pro‑European partnership would emerge. In the eyes of many in the European quarter, Orbán’s defeat seemed to mark the end of illiberal drift in Central Europe. But such optimism reveals a miscalculation about both Magyar’s priorities and the region’s shifting balance of power.

What Brussels expected versus what Magyar promised
Orbán’s downfall was driven more by domestic grievances than by ideological shifts. Voters were angered by corruption benefiting Fidesz cronies, frustration with soaring prices and low wages, and deteriorating public services. Many simply wanted change after four consecutive Fidesz administrations. Péter Magyar harnessed this desire by promising to root out corruption, restore the rule of law, improve healthcare and education, and increase wages and pensions. He pledged to make Hungary a reliable member of the European Union but also insisted on preserving national sovereignty. During the campaign he carefully avoided polarising cultural issues and rejected labels of “left” or “right.”

Some of his positions align comfortably with Brussels. He has vowed to unblock a €90 billion EU loan package for Ukraine that Orbán repeatedly vetoed and to accelerate negotiations to bring Kyiv closer to the EU. He wants to unlock EU funds to stimulate Hungary’s stagnant economy; the Tisza manifesto calls for phasing out Russian energy imports and reducing dependence on Moscow by 2035. However, he also opposes the EU’s migration and asylum pact and insists on maintaining the border fence built by Fidesz. At a post‑election press conference he said Hungary would continue buying Russian energy for now because it remained the cheapest option. He also stressed that he would speak to Vladimir Putin if the Russian president called him – though he doubted any call would end the war in Ukraine.

For Brussels, releasing frozen funds will hinge on rapid institutional reforms to restore judicial independence and dismantle Orbán’s patronage networks. Donald Tusk’s experience in Poland offers a cautionary example: when his Civic Coalition returned to power in Warsaw in 2023, the European Commission released €137 billion in blocked funds based on a plan to undo rule‑of‑law breaches. Two years later, Tusk still grapples with a conservative president and a lack of parliamentary supermajority, and the reforms are far from complete. Influential voices in Brussels argue that funds for Hungary should be freed gradually and conditional on tangible progress. Others see the money as leverage to coax Magyar into accepting EU migration policies and deeper energy diversification. The assumption that the new Hungarian government will automatically align with Brussels on every issue is therefore premature.

Lessons from Poland and a regional realignment
The political earthquake in Budapest has significant repercussions for Central Europe’s geopolitical balance. Hungary is one of the four Visegrád countries, alongside Poland, the Czech Republic and Slovakia. Under Orbán, Budapest was a constant irritant at EU meetings: he delayed aid packages for Ukraine, cultivated close ties with Moscow and Beijing, and used his veto power to block EU initiatives. Poland, led by Donald Tusk since 2023, adopted the opposite course – championing Ukraine’s cause, strengthening ties with Brussels and Washington, and sharply criticising Orbán. Tusk once complained that while there was no “Ukraine fatigue” in the EU, there was “Orbán fatigue.”

Magyar has signalled that his first foreign trip will be to Warsaw. He told supporters on election night that Hungary would rebuild cooperation within the Visegrád group and that Warsaw would be the starting point. Analysts expect a rapid rapprochement between Budapest and Warsaw. The shared agenda includes support for Ukraine, respect for the rule of law, and a pro‑European outlook while protecting national sovereignty. For Poland, Magyar’s victory offers an opportunity to regain influence in Central Europe. Warsaw lost a like‑minded partner when Slovakia elected the populist Robert Fico in 2025 and when the Czech Republic’s Andrej Babiš returned to power in 2025. Fico and Babiš have echoed Orbán’s anti‑Brussels rhetoric and opposed sanctions on Russia. With Orbán gone, Poland may find itself the senior partner in an emerging Warsaw–Budapest axis, potentially supported by progressive forces in Slovakia and the Czech opposition. This could strengthen Tusk’s position inside the EU Council, especially on foreign and security policies.

The Foreign Policy Research Institute notes that Budapest’s relations with Warsaw, Prague and Bratislava will evolve and change the geopolitical dynamic of the Visegrád group. Hungary’s alliance with Poland could counterbalance the populism of Prague and Bratislava. Czech Prime Minister Babiš praised Orbán and opposed deeper EU integration, while Slovak leader Fico cultivated pro‑Moscow positions. With Orbán defeated, both leaders may feel isolated; Fico could be “sweating bullets,” now that he can no longer hide behind Orbán’s confrontations with Brussels. Hungary’s new government therefore opens the possibility of a more pro-European Visegrád centre led by Warsaw and Budapest. Brussels’s miscalculation lies in underestimating how this new axis could shift power away from traditional EU institutions and into regional alliances.

The challenges ahead: dismantling Orbanism and unlocking funds
Magyar inherits a state apparatus deeply entangled with Fidesz loyalists. Orbán’s decade‑and‑a‑half in power saw the rewriting of Hungary’s constitution, reshaping of electoral rules and control of the judiciary, media and civil service. The Fidesz government channelled billions of euros in EU funds to politically connected foundations and think tanks, such as the Mathias Corvinus Collegium, now one of Europe’s best-funded conservative institutes. Dissolving this network will require constitutional amendments, legislation and a purge of Fidesz appointees. ECFR analysts warn that restoring the rule of law in a post‑illiberal system is extremely difficult: Poland’s own attempts to reverse PiS reforms show that dismantling entrenched patronage takes time and can provoke resistance from entrenched interests.

Magyar’s two‑thirds majority gives him the legal means to effect sweeping reforms quickly. However, he must also manage expectations at home. Many voters hope for immediate improvements in living standards and the public sector, while Tisza’s ideologically diverse coalition includes conservatives, liberals and centrists who may disagree over social issues. If reforms lag or economic pain persists, his support could erode. Brussels’s miscalculation would be to assume that early gestures – such as releasing funds or lifting vetoes – will automatically entrench pro-European forces. The EU must instead calibrate incentives carefully, rewarding genuine progress while avoiding the perception of meddling. Otherwise, Eurosceptic forces in Hungary could exploit frustration and polarisation.

Western perceptions and Hungarian public sentiment
Outside observers often frame the election as a battle between liberalism and conservatism. Many comments from Hungarian social media suggest a more nuanced reality. Some Hungarians emphasise that Magyar never promised to be “ultra-left liberal” but campaigned for justice, fairness and a functioning economy within the EU. Others stress that he is neither right nor left but a pragmatist who promises checks and balances and the right to protest. Many hope his government can restore pride in being Hungarian and re-establish Hungary as a respected EU member.

Critics note that Hungary continues to have the EU’s highest value-added tax and that self-employed workers faced steep tax hikes under Fidesz. There is also scepticism toward Western pronouncements: one commenter said he would judge Magyar by his actions, not by EU leaders’ praise. Another noted that the key task is rebuilding democracy with checks and balances to counter corruption, Russian influence and propaganda. Some suggested that Western Europe misunderstands Hungarian voters, who care about practical issues like wages and public services more than ideological labels. Still others highlight how Poland and other eastern nations stand to gain from Orbán’s defeat, while Russia and Putin stand to lose. These sentiments reveal a complex mix of hope, caution and regional solidarity that Brussels would do well to consider.

Conclusion: a turning point with caveats
The 2026 Hungarian elections mark a turning point for both Hungary and the European Union. Orbán’s defeat removed one of Brussels’s most vexing adversaries and signalled voter fatigue with corruption and economic stagnation. Péter Magyar’s victory opens the door to restoring democratic institutions, improving public services and mending relations with the EU. But Brussels’s expectations must be tempered by the realities of post‑illiberal transitions. Unlocking frozen EU funds and reshaping Hungary’s judiciary will take time and political capital. Magyar’s positions on migration and energy show that he will not automatically align with every EU policy. Meanwhile, Poland’s Donald Tusk stands poised to gain influence through a renewed Warsaw–Budapest partnership, shifting the centre of gravity within the Visegrád group.

Rather than celebrating prematurely, EU leaders should engage patiently with Hungary’s new government, offering support while maintaining conditionality. They must recognise that Central Europe’s political landscape is fluid: populism may recede in one country but resurge in another. Brussels’s miscalculation would be to see Magyar as either a saviour or a pawn. The more accurate view is that he embodies a pragmatic nationalism committed to Europe but rooted in Hungarian realities. Navigating this complexity will determine whether Hungary’s democratic revolution endures and whether Poland indeed becomes the region’s influential voice in the European Union.