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Hungary's Orban Loses Election
Viktor Orban lost Hungary's election on Sunday. He has led Hungary for many years.
Peter Magyar, the opposition leader, won by a large margin. Orban called Magyar to congratulate him after the results.
Hungary's currency rose following the election result. EU funding worth billions of euros is expected to be released.
Klear Note — Orban led Hungary for 16 years with strict control. The EU froze billions in funding over rule-of-law concerns. His election loss may unlock that frozen money for Hungary.
Key Terms 3
- conceded
- officially admitted losing an election
- opposition
- the political group that ran against the current leader
- EU funding
- money given by the European Union to member countries