The Japan Times - Brussels misreads Magyar

EUR -
AED 4.237821
AFN 74.424813
ALL 91.522025
AMD 419.062062
ANG 2.065964
AOA 1059.31184
ARS 1740.907125
AUD 1.618382
AWG 2.078524
AZN 1.955017
BAM 1.947714
BBD 2.325197
BDT 142.458577
BGN 1.94258
BHD 0.435302
BIF 3443.792479
BMD 1.153934
BND 1.463736
BOB 14.372271
BRL 5.912532
BSD 1.154432
BTN 110.248775
BWP 15.552702
BYN 3.506135
BYR 22617.114077
BZD 2.321821
CAD 1.60368
CDF 2662.126969
CHF 0.944755
CLF 0.027455
CLP 1084.086446
CNY 7.74088
CNH 7.740465
COP 3569.592187
CRC 520.052248
CUC 1.153934
CUP 30.579261
CVE 109.809597
CZK 24.288877
DJF 205.580976
DKK 7.47551
DOP 67.949377
DZD 154.098684
EGP 59.675003
ERN 17.309016
ETB 186.34999
FJD 2.550776
FKP 0.852912
GBP 0.855798
GEL 2.994344
GGP 0.852912
GHS 13.230018
GIP 0.852912
GMD 84.804653
GNF 10148.767588
GTQ 8.814445
GYD 241.526247
HKD 9.050793
HNL 30.984902
HRK 7.534501
HTG 150.887507
HUF 365.479295
IDR 20376.173488
ILS 3.527122
IMP 0.852912
INR 110.554534
IQD 1512.321532
IRR 1586198.215172
ISK 139.661137
JEP 0.852912
JMD 182.356101
JOD 0.818129
JPY 178.312896
KES 149.411882
KGS 100.911378
KHR 4681.685495
KMF 490.421895
KPW 1038.541319
KRW 1551.966792
KWD 0.356347
KYD 0.962027
KZT 520.938587
LAK 25829.10511
LBP 103382.092518
LKR 379.529301
LRD 201.441959
LSL 18.641053
LTL 3.407268
LVL 0.698003
LYD 7.301844
MAD 10.787867
MDL 20.006117
MGA 4969.455223
MKD 61.387184
MMK 2422.976028
MNT 4149.408524
MOP 9.325087
MRU 46.421286
MUR 54.373925
MVR 17.828045
MWK 2001.824037
MXN 19.683992
MYR 4.683127
MZN 73.747916
NAD 18.641214
NGN 1529.413168
NIO 42.484727
NOK 10.759255
NPR 176.401483
NZD 1.999312
OMR 0.443679
PAB 1.154402
PEN 3.882283
PGK 5.211365
PHP 72.532868
PKR 320.044455
PLN 4.337368
PYG 6836.764994
QAR 4.208148
RON 5.252365
RSD 117.375041
RUB 96.932589
RWF 1702.860017
SAR 4.328956
SBD 9.246483
SCR 15.777179
SDG 694.095753
SEK 11.271037
SGD 1.466287
SHP 0.854228
SLE 28.328792
SLL 24197.417857
SOS 659.772362
SRD 43.755466
STD 23884.112123
STN 24.399234
SVC 10.101283
SYP 15003.455254
SZL 18.644003
THB 38.352742
TJS 10.678376
TMT 4.05031
TND 3.369327
TOP 2.778397
TRY 56.107178
TTD 7.83564
TWD 36.674327
TZS 3044.226675
UAH 51.423106
UGX 4467.433898
USD 1.153934
UYU 46.467892
UZS 13575.581565
VES 959.436099
VND 29983.254266
VUV 135.300175
WST 3.157152
XAF 655.957
XAG 0.018253
XAU 0.000268
XCD 3.118565
XCG 2.080562
XDR 0.815891
XOF 655.957
XPF 119.331742
YER 273.53952
ZAR 18.742191
ZMK 10386.796588
ZMW 22.281078
ZWL 371.566403
SSP 6518.864303
MXV 2.232179
  • BCC

    0.3900

    75.44

    +0.52%

  • CMSC

    0.0100

    20.45

    +0.05%

  • BCE

    0.1400

    23.39

    +0.6%

  • RIO

    0.5700

    99.96

    +0.57%

  • JRI

    -0.0700

    12.01

    -0.58%

  • NGG

    0.4800

    76.86

    +0.62%

  • CMSD

    -0.0200

    20.32

    -0.1%

  • BTI

    0.3800

    55.24

    +0.69%

  • GSK

    0.0100

    48.13

    +0.02%

  • RBGPF

    0.2800

    68.02

    +0.41%

  • BP

    0.0200

    46.1

    +0.04%

  • AZN

    0.5300

    160.17

    +0.33%

  • RELX

    -0.0200

    33.8

    -0.06%

  • RYCEF

    0.4100

    19.54

    +2.1%

  • VOD

    0.0700

    17.4

    +0.4%


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.